QQQ hit my 301 downside price target hit followed by the expected minor, but day-tradeable bounce on Friday with the downtrend resuming & the target still just above the 296.50 support. Previous & updated 60-minute charts.
QQQ 60m 2 July 22nd
QQQ 60m July 25th
With the FOMC rate announcement on Wednesday afternoon along with AAPL, MSFT, GOOGL, AMZN, & META all reporting this week, this is about as good a week as any to either keep things light or stop trading completely as whipsaw (false buy & sell signals) are likely increase in the coming days. I’ll be around but don’t plan to do much trading myself so posts/updates & new trade ideas will be light for the next few days.