QQQ: The Downtrend
October 2018 - April 2019: 190 days to return to previous level.
February 2020 - June 2020: 100 days to return to previous level.
This current correction is at day 196 as of this writing. I'm expecting a retest of the upper trend line due to bullish divergence on the daily. A breakout of the upper trend line and 200 MA would confirm a bullish reversal. A breakdown below 291 could see around 260 as a next level down.
February 2020 - June 2020: 100 days to return to previous level.
This current correction is at day 196 as of this writing. I'm expecting a retest of the upper trend line due to bullish divergence on the daily. A breakout of the upper trend line and 200 MA would confirm a bullish reversal. A breakdown below 291 could see around 260 as a next level down.
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