$QQQ - Price Action is Fighting at $480
$Invesco QQQ(QQQ)$ - Price Action is Fighting at $480
That S/R level is acting well as support, anyway the 5DMA in confluence with 10DMA continues as the main hurdle. Anyway, it's interesting that the StochRSI is close to oversold levels already, price has been resilient for two days.
A narrow zone will define the path for tech:
Bullish above $484
Bearish below $480
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Resistance at the Volume Shelf
The 1.19% jump is encouraging, but similar candles have anticipated a pullback (orange arrows). For bullish cases (green arrows), the oscillator was in a clear uptrend, not like today. Check the $Cboe Volatility Index(VIX)$ chart in bio, open (free) for everyone, volatility is still on the horizon.
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https://twitter.com/SmartReversals/status/1842335099955671536
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