QQQ Could See A Bounce Very Soon
The Invesco QQQ Trust has had a good run up. What we're seeing now is a normal 5% pullback following a 20% gain.
In the most bullish scenario, we've already seen the bottom of this correction. Prices have reached the first zone's support line, and we're already witnessing a tiny recovery on the lower timeframes. The most bullish case is still valid if we touch the lower trendline. of the first zone.
Another scenario is a bigger correction, giving back half of the latest uptrend.
In the most bullish scenario, we've already seen the bottom of this correction. Prices have reached the first zone's support line, and we're already witnessing a tiny recovery on the lower timeframes. The most bullish case is still valid if we touch the lower trendline. of the first zone.
Another scenario is a bigger correction, giving back half of the latest uptrend.
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