QQQ Overextension: Deeper Pullback Likely Ahead
$Invesco QQQ(QQQ)$ - Overextended Move: Where is the Reset?
The upper Bollinger Band was breached until Wednesday, and the minimal retrace target is the 20 DMA (A); but a regular correction reaches the lower Bollinger Band (B).
Given the RSI divergence, and the weekly gap, the B scenario is more likely.
Stock chart for QQQ on a daily timeframe displays candlestick price action with green and red bars, overlaid by a blue 20-day moving average line, upper and lower Bollinger Bands in green, volume bars at the bottom in blue and orange, RSI indicator below showing divergence, and annotations labeling points A and B for retrace targets
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- 闪电侠08·11-02OkkkLikeReport