QQQ right on the money, remaining under 330

We called it almost exactly at the top we saw around 330, and saw a decent reversal, supported by the reactions to earnings in the after hours. Next, we want to see a double top, retest of the 330 level, and rejection again to begin the leg to the downside. Expected target for the retracement is 270, I am not shorting, just waiting and watching to see what happens going into the weekend.

Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.

Copyright Rohan Karunaratne 2021