QQQ 7 Day Theory. Next leg starts Tomorrow 10/7
7 days
7 days
7 days
The next leg of this move should start on 10/7. The market ran back up above that 50 DMA bc of fiscal stimulus hopes. Market is definitely leaning more bullish than bearish, but news on vaccine, Trumps health or fiscal stimulus could trigger that next leg.
- breakdown from channel support
- hanging above 50 DMA
7 days
- breakdown below 50 DMA
- hanging above 100 DMA
7 days
- breakout above 50 DMA
- decreasing range back toward historical ranges
The next leg of this move should start on 10/7. The market ran back up above that 50 DMA bc of fiscal stimulus hopes. Market is definitely leaning more bullish than bearish, but news on vaccine, Trumps health or fiscal stimulus could trigger that next leg.
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