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$QQQ broke and closed below the 20sma, but still managed to close well off the LOD. Bulls need it to reclaim the 20 then the 8sma, bears want a rejection at either of those moving averages https://t.co/HQEh0Rblul
$QQQ below the daily 10ema and the 21ma with a gap down today. Indicators have a long way to go to unwind. Observation and more reason for me to tighten up longs and be cautious of putting on new.
$QQQ Nice breakdown today under a defined level at 425.33. Bounced on first attempt and now working on second break. A close under this level sets it up for a potential move back to 412.92 level. https://t.co/GXujCWsQLk
The $QQQ experienced a downside breakout, with indicators suggesting further potential moves down. Key levels to watch include 425.33 and 412.92. The index closed below important moving averages, prompting caution among traders.