QQQ Healthy Pull Back on the way!

31 Mar 2022

QQQ

Testing the 200 SMA and not pass it, is not a failure signal. Is only catch a breath after a good run.
Is not a coincidence that 20 SMA is at 50% Fib, I strongly believe that we going to re -test the Support level at 350'S then a Full recovery.
SMA20, 50% Fib, 21EMA, 50SMA all converging at 350's Levels that is a previous support level.
MACD Shows weakness.
A/D curving down showing distribution after a long run 10 Days precisely.
Feeling like this will the last chance to pick your favorite runner at a very good price. But like I say, Only time will tell!