QQQ about to correct

22 Jun

With NVDA finally losing steam, META looking the same, and TSLA looking weak as well I expect a correction here. This index has outperformed for a while. I look to 450-460$ in the coming weeks. By this occurs a test of the 20 EMA on the weekly will be around 450$. I look for a stochastic RSI that is starting to flatten here. Volume has slowly been falling over the year as well. That hammer hammer candle is bearish. Remember, my last few charts have been weekly timeframes, this will take a while to play out.