Profitable Laterality QQQ

20 Mar 2021

While long term upwards trend is not altered, short term is questioned:

• The top is clear: 325
  
  And the bottom too: 300
  

While we don't overpass 325 the bullish trend will not be restored. Possible Head & Shoudlers Inverted forming but too early to guess.

If we lose 300 we could see an extra 6% correction.

If this laterality is extended over time I will be a bit worried due to a potential roof.

Good luck everyone on your trades!

1 Nis 2021

Not

Volatility has decreased and we're in an ascending channel, let see how it behaves getting around 320. This week looks better than the last month

3 Nis 2021

Not

Relative behaviour os Nasdaq has improved during last week and volatility has decreased. We may see this week a 325 breakout.