QQQ is in a rising wedge pattern on the 15 minute chart and so is
predicting a breakdown to the downside below the support trendline.
The Connor RSI shows the relative strength about to cross below the
running average. Volatility is decreased in a consolidation awaiting
a breakout from the squeeze. All in all, QQQ is looking to be
setup to short in this upcoming week with federal news on the calendar.
predicting a breakdown to the downside below the support trendline.
The Connor RSI shows the relative strength about to cross below the
running average. Volatility is decreased in a consolidation awaiting
a breakout from the squeeze. All in all, QQQ is looking to be
setup to short in this upcoming week with federal news on the calendar.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.