Last Friday QQQ broke the upward trend line for 2023 on the daily and weekly charts - see my earlier post. Lower highs and my favourite indicators are pointing south on both the daily and weekly. Note the downward trend on MACD and RSI since June. So it will probably fall further. There's support right now around 354-355 so perhaps a small bounce first?
SPX, DJI, and the big 8 are looking the same.
I guess 349 would be the obvious target for QQQ? It's a further 5 points down from Friday's close, and a sticking point back in June.
And all that is before we consider the effects of likely developments in the Middle East *sigh*
Not trading advice. Do your own research.
SPX, DJI, and the big 8 are looking the same.
I guess 349 would be the obvious target for QQQ? It's a further 5 points down from Friday's close, and a sticking point back in June.
And all that is before we consider the effects of likely developments in the Middle East *sigh*
Not trading advice. Do your own research.