QQQ falls to $258

11 Eyl 2020

QQQ breached the 30 day SMA again today (see arrow). It is now retesting the 50 day SMA it bounced off earlier this week.

If the 50 day SMA is breached, our first target is $258, which is 61.8% of the move of the Corona rally since March.

If that doesn't hold our next target is $243, which is 50% of the Corona rally.

11 Eyl 2020

İşlem aktif

This trade is making good progress towards the first (and likely) target.

QQQ ended up breaching the 50 day SMA and closed below $271 today (9/11).

It bounced off previous resistance at $267 created during after hours on Sept 8th.

Expect QQQ to re-test $267 on Monday and try a move lower towards $258.

15 Eyl 2020

İşlem kapandı: durdurma seviyesi

Bounced off the 50 day SMA. QQQ has too much bullish momentum.