QQQ has broken below the trendline off the mid-Sept lows & appears poised for at least another backfill of the Oct 12th gap & quite like more if the bottom of the gap is taken out with conviction. Watch for a potential bearish cross below the PPO zero line (bearish) or a bounce & rally off this backtest (bullish). 60-minute chart below.
QQQ 60m Oct 19th
Following the recent rejection off the bottom of the stock split bull trap/potential buying climax range as well as the primary uptrend line off the mid-March lows, AAPL (Apple Inc.) has broken below the uptrend line off the mid-Sept lows & has entered the big gap from Monday, Oct 12th, thereby increasing the odds of another backfill of the gap & quite likely a move down towards the 112.33 support. Also, watch for a potential bearish cross below the PPO zero line (bearish) or a bounce & rally off this backtest (bullish).
AAPL 60m Oct 19th
Any more substantial downside from here would mean another rejection off the stock split/buying climax/bull trap range as well as a breakdown below both uptrend lines in TSLA (Telsa Inc.). As of now, TSLA is testing trendline support; near-term bullish if it rallies off the level, bearish if it makes a solid break below. TSLA is also testing the PPO zero line from above, keeping that trend indicator bullish for now while a solid cross back below the zero line would flip that trend indicator to bearish.
TSLA 60m Oct 19th