QQQ technical SHORT opportunity

30 thg 10

QQQ is approaching a very strong resistance level, which aligns with both a previous supply zone and a diagonal resistance line. This presents an opportunity for a technical SHORT play. Why do I call it technical? Because the market remains very bullish, with no signs of a broader uptrend reversal—especially following strong earnings from GOOG . If a sell-off occurs, it will most likely lack significant follow-through. Nonetheless, it’s still possible to capitalize on it

Disclaimer
I don't give trading or investing advice, just sharing my thoughts.

31 thg 10

Ghi chú

This price drop is much worse than I expected. First, there’s a large overnight gap that the market hasn’t even attempted to fill. Second, the price has broken through diagonal support. I would refrain from buying this dip untill there is more clarity