Today was a near mirror of last Thursday’s price action on QQQ: Another nearly identical test & bounce off the key 313.62 level with the next sell signal still to come on a solid break/close below it so no change in the technical posture or outlook for the Nasdaq 100. While only a slightly negative close today, this did mark the 4th red close over the past 5 trading sessions with the Q’s in a very near-term downtrend. QQQ 60-minute chart below.
QQQ 60m April 10th