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RobBiddle

First Hourly MA cross since start of rally is imminent

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Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
RobBiddle Atualizado   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis
2
4
trendanalysis
Looks like the macro trend is shifting downward. The behemoth tech rally/bubble is likely over.
The Hourly MA crossed positive back in April and held throughout every downside move since then, until now.
Without a pretty massive move to the upside in the next few hours the bearish cross will happen.
Get ready for the trading algorithims to rapid-fire sell.
Comentário:
Trend is continuing to look bearish
1Hour 50EMA is now getting close to the 200EMA
Today's close was just below the 1Day 50EMA
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