Well QQQ has been in overbought position quite for sometime & it still has gone up pretty much, sometimes defying all the logics. It's good to be prepared for some sudden sharp pullbacks, in between the ongoing bull run,without any warnings. A small small negative news/sentiment is good enough for the market to begin its free fall Until the support level.
QQQ Is Overbought According to the RSI Indicator, as NVDA, MSFT, and AAPL Fuel the Index
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.
