Invesco QQQ Trust Series I
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QQQ Broken supports, Bearish behavior

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QQQ met resistance in the ~227 area and a bullish engulfing signal has formed. Supports seem to have broken at the top. The MACD looks close to a bearish crossover. Due to unemployment and the rise of severity in the current climate, I estimate a downtrend to continue, though, from this, a short downtrend is the only thing I can draw from the technical analysis.


Any thoughts? Trying to incorporate more aspects into the technical than solely candlesticks, MACD bearish crossing seems a bit grim here.

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