Invesco QQQ Trust, Series 1
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Back to the Channel

608
It looks the QQQ is going back into the channel soon. Don't be surprised if it goes to the bottom of the channel at around 250-270.
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Looking at the futures, the QQQ is likely to break the top trendline and gets back to the channel sooner than I thought.
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The QQQ forms a lower low today at around 318. Expect a lower high again in upcoming days.
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Feels like there is one nasty dump of the QQQ coming in the future. Be prepared.
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Weekly close below the top of the channel line. The dropping could continue into the next few weeks.
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On the way down to the bottom of the channel as of May 9, 2022.
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Got there after a huge drop since Mid-August. Not a surprise.

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