QQQ Bounces: Tech Leads Recovery, Can Bulls Hold Momentum?

SmartReversals
04-23

The weekend publication did foreshadow a tech-driven bounce, considering breadth and the complete candle below the Bollinger Low last Friday.

Stochastic is bullish, but price action was weak considering the $423 S/R level, it was not even reached, and there is a gravestone formation in 4H timeframe.

$423 is a safer reference for an entry zone to $Invesco QQQ(QQQ)$ . For active longs $417 is a good reference to manage risk according to each person's tactics.

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Equivalences for $NASDAQ 100(NDX)$ : >$17387📈 || <$17158📉

$Tesla Motors(TSLA)$ is not helping, and $NVIDIA Corp(NVDA)$ is still below the level shared as a minimum to consider a recovery.

https://twitter.com/SmartReversals/status/1782513688924016841

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  • AuntieAaA
    ·04-23
    Will perform
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