QQQ
Daily Chart Report
Is QQQ gonna bounce as soon as tomorrow? QQQ is sitting right at the 200D SMA. It is tagging the 200D for the first time since the pandemic crash. It also made the 10% correction. I would say we could see a bounce since we are entering into tech earning season. I think QQQ can violate the 200D and bounce off the gap support. I want to note that any kinda bounce would just be a relief rally until it can get above 381 resistance level.
Is QQQ gonna bounce as soon as tomorrow? QQQ is sitting right at the 200D SMA. It is tagging the 200D for the first time since the pandemic crash. It also made the 10% correction. I would say we could see a bounce since we are entering into tech earning season. I think QQQ can violate the 200D and bounce off the gap support. I want to note that any kinda bounce would just be a relief rally until it can get above 381 resistance level.
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