QQQ is showing weakness in the rally and showing a bearish trend reversal
QQQ looks to have finished its 2 week long rally and looking to reverse course downward
Potentially buying a put position tomorrow anticipating more selling to come.
- 3 clear points show a downward trend forming
- EMA holds distance firmly below SMA
- Multiple hammer candles are rejected in todays trading causing more selling
QQQ looks to have finished its 2 week long rally and looking to reverse course downward
Potentially buying a put position tomorrow anticipating more selling to come.
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