QQQ Update Daily TF October 26
The QQQ is up +12% from the Oct 13th bottom & is now attempting to break topside resistance levels.
Things to note:
- Next resistance @ 50EMA & 0.382 FIB @ $285
- Resistance @ 100EMA & 0.5 FIB @ $295
- Bullish cross of 9 above 21
- BF measured move complete & new low @ $254
- Major support below $254 is @ $230
- Daily RSI not bad, 4HR reaching OB
The QQQ has gotten a little bit beat down by some earnings misses from big tech, so price hasn't gone as high (from a technical perspective) as the SPY & DOW, and RSI hasn't gotten as high either. (More big earnings to come today & tomorrow).
The thought process is going to be the same here as with the SPY.
Stay tuned
Things to note:
- Next resistance @ 50EMA & 0.382 FIB @ $285
- Resistance @ 100EMA & 0.5 FIB @ $295
- Bullish cross of 9 above 21
- BF measured move complete & new low @ $254
- Major support below $254 is @ $230
- Daily RSI not bad, 4HR reaching OB
The QQQ has gotten a little bit beat down by some earnings misses from big tech, so price hasn't gone as high (from a technical perspective) as the SPY & DOW, and RSI hasn't gotten as high either. (More big earnings to come today & tomorrow).
The thought process is going to be the same here as with the SPY.
Stay tuned
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.