$QQQ - Elevator Down: If the 50DMA and Volume Shelf are lost
$Invesco QQQ(QQQ)$ - Elevator Down: If the 50DMA and Volume Shelf are lost (zone highlighted with the green arrow)
The candle is bearish, with high daily volume validating it, but the market showed indecision during the last hours of the day. $Amazon.com(AMZN)$ is showing bullish reaction, $Apple(AAPL)$ will dictate the final verdict.
The lower Bollinger is also supporting price (not in chart), so this is a do or die confluence zone.
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$Meta Platforms, Inc.(META)$ : The reversal is not surprising: The rejection from the Bollinger Band is solid as pointed out by the red arrow. Potential targets:
1) Lower Bollinger Band: $564 (as of today)
2) 50DMA: $555 (as of today)
3) Or maybe the current level, related to a S/R level holds?
4) None of them, down we go.
1, 2, 3 or 4: Which one will act as a bouncer?
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