As per the 60-minute chart below QQQ (Nasdaq 100 ETF) has now back-filled the big April 3rd gap (top of gap is resistance) while oversold with a pending high-level PPO bearish crossover. Despite the fact QQQ & all other stock indices are currently trading green, I’d put the odds of a red close today at 80%+. As such, this is an objective level to add to and/or initiate a short position on the Q’s IMO.
QQQ 60m April 28th