QQQ testing the $360 final support level
As I had mentioned 8 days back on September 20th, QQQ closed almost exactly at $360 today (see the related post). This is a very important level for the bulls to defend as it is the last level of long-term support for the QQQ based on the trend lines I have been tracking. A close of this week on Friday, October 1st below this lower support line could mean a larger and more extrapolated pullback to come in the weeks following.
However, based on my technical analysis, I see this market as over-sold and a short-term recovery is expected by the end of this week. In other words, I expect the QQQ will close above this $360 level by the end of this week.
However, based on my technical analysis, I see this market as over-sold and a short-term recovery is expected by the end of this week. In other words, I expect the QQQ will close above this $360 level by the end of this week.
Publikasi terkait
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.