QQQ appears to have started a correction.
Why do I think so?
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Why do I think so?
- QQQ closed below the 20 day moving average
- QQQ closed below the trend line on a relatively higher volume
- MACD cross-over and MACD histogram displaying bearish momentum
- Huge bearish divergence
- A lot of room to move down
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
