NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Chart: QQQ daily
Chart: SPX daily
With daily doji standing right above prior support, I personally think QQQ is more attractive compared to SPX and has more room to go.
As mentioned this Monday, this week gonna be a relatively quiet week, and yesterday is the only day that we can trade for "price correction" on daily basis.
Chart: QQQ 15 mins
Even though I said QQQ looks more attractive compared to SPX,that does not mean its more tradable.
15 mins support and 15 mins resistance create a short range for QQQ, and it's very likely that QQQ will move in this range for the rest of the week.
And the cause for this kinda sideway move is, bring the 8&21 EMA down and complete "time correction" .
The whole process gonna be boring and untradable at all.

Please feel free to express your ideas and thoughts in the comment section.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.