TraderBwater

QQQ lost 21 MA

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NASDAQ:QQQ   Invesco QQQ Trust, Series 1
QQQ made a lower low and has already lost the 21 moving averages in 3 waves. Next Monday and Tuesday it may bounce before another sell-off, probably triggered by FOMC's decision on Wednesday. To me, it is not worth trading QQQ these few days with lots of chop. The volume has been light the last few days. It's better to move to a trending instrument like Gold and Silver.

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