QQQ Volume Spikes Since April 1

16 de abr. de 2023

Since the first of the month, the QQQ has bounced around between levels. As shown on the graph. high volume spikes have resulted in a decline in the QQQ the following days 8/10 times of these occurrences. The times that this did not occur were when the QQQ was at the bottom of its range. And during the beginning of the month. Because the QQQ is at the top of its range, I would wager to say that this most recent volume spike will result in a further decline in the QQQ because 8/8 of the previous volume spikes at this level have resulted in this. The alternative is that we break through this level. In which case my thesis would be negated.QQQ Volume Spikes Since April 1