QQQ is showing to be less predictable and prone to false breakouts
QQQ is proving to be volatile and thus difficult to define when a trend is actually reversing or just another fake out that takes our money.
- Last week QQQ performed a two day long false breakout above before retreating
- Today we see QQQ again break below its downward trend.
- breaking below a downward trend is usually followed by a course correction back into the normal trading zone
QQQ is proving to be volatile and thus difficult to define when a trend is actually reversing or just another fake out that takes our money.
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