QQQ weekly:
current set up has the potential to be similar to the covid lows. Back then and now,
QQQ fell for several weeks; then established a big green candle followed by a small red candle. Upto this point, the set up is identical.
If QQQ can establish a green candle this week closing above the high of the previous week’s red candle, the set up now and during the covid lows would be identical.
Something to keep an eye on as the week progresses.
current set up has the potential to be similar to the covid lows. Back then and now,
QQQ fell for several weeks; then established a big green candle followed by a small red candle. Upto this point, the set up is identical.
If QQQ can establish a green candle this week closing above the high of the previous week’s red candle, the set up now and during the covid lows would be identical.
Something to keep an eye on as the week progresses.