The QQQs are back at the downsloping 50 day moving average, a key level of interest.
Its the first big level that needs to be captured for the bulls to stand a chance at turning the tide on the downtrend.
Possible scenarios:
1) We reject from here and continue to downtrend
2) We consolidate or flag before an attempt to breakout
3) We slowly squeeze higher (meltup) , expand the range or possibly fail like in March
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Its the first big level that needs to be captured for the bulls to stand a chance at turning the tide on the downtrend.
Possible scenarios:
1) We reject from here and continue to downtrend
2) We consolidate or flag before an attempt to breakout
3) We slowly squeeze higher (meltup) , expand the range or possibly fail like in March
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。