QQQ getting ready to come down?

9 thg 12, 2020

With 11 straight days of uptrend on the QQQ, we’re starting to a rising wedge. Expectations are still bullish for December, but there might be a step back before (or if) it rises again in January. There’s also the usual end of year tax related sell-off at the end of the year, so we might be gearing up to that, hitting a resistance around 308-309 on the way there.