$Invesco QQQ(QQQ)$ - 20DMA Breached by a Bearish Candle Validated by Volume - Pain Ahead Guaranteed?
Same as $.SPX(.SPX)$ , big tech is coming to the Bollinger range (see previous chart) but the the 50DMA zone has acted as support here.
The oscillator says the direction is southbound, but there is a timeframe that suggests for $SPDR S&P 500 ETF Trust(SPY)$ and QQQ: "Don't Short Blindly with leverage or instruments with quickly meltdown"
150 likes💚for SPY, 40 reposts for QQQ, if both happen I chart the two of them.
(Last weekend the bearish warnings came true)
Image
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments