xtremerider8

QQQ breaks below Mar2020 trendline & Cloud

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
I warned in a post yesterday that the Nasdaq correction is not over yet. Big drop yesterday.
Last few days we saw QQQ seesawing the dma20 lower & lower (see yellow candles) until it drops & struggles inside the cloud but failed.
Next support likely at 350 & 340 & may trade horizontally for a while.
Not trading advice

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