QQQ/Nasdaq Update Daily TF Sept 15
The QQQ failed to re-claim & close above the 9SMA, and is now re-testing the Sept 6 low to see if it will hold as support.
Things to note:
- 21 SMA crossed below 50 (bearish)
- Broke back down & below BF channel (bearish)
- 9SMA sloping down (bearish)
- Bear target #1 Gap @ $286.69
- Bear target #2 Gap @ $275
- Bear target #3 re-test June low
As with the SPY, my LT thesis across all markets remains unchanged unless new data presents itself to contradict the BF scenario.
Things to note:
- 21 SMA crossed below 50 (bearish)
- Broke back down & below BF channel (bearish)
- 9SMA sloping down (bearish)
- Bear target #1 Gap @ $286.69
- Bear target #2 Gap @ $275
- Bear target #3 re-test June low
As with the SPY, my LT thesis across all markets remains unchanged unless new data presents itself to contradict the BF scenario.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.