$QQQ target for 🎯$420 🌿 💨 ?
After a 10% decline in $NASDAQ(.IXIC)$ and 5% in $S&P 500(.SPX)$ , the market will?
Vote please.
Let’s keep this one simple; we have a quick 10% decline that’s nothing to sneeze at, also I thrown a piece of data I shared from another chart which is 75% of Nasdaq stocks are above their respective 50MA’s wish coincides generally with washout signals. MACD is at a former area of support.
This decline terminated right at the previous S/R flip area (support/resistance), and stock market 101 is former resistance being turned to support- the Q’s have a chance do that technical support off of that TA level by using fundamentals from earnings to turn that into said support to launch from.
One other additive I threw in is a mixed indicator that has some Williams percentage math which sometimes is good at seeing inversely the the buying of what’s being sold.
Often people say, look at all that selling…to that is always a good question…whose buying all that selling.
@Banana3Stocks
After a 10% decline in Nasdaq and 5% in S&P, the market will?(Single choice)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.
