$QQQ - Volume Shelf Breakdown
$Invesco QQQ(QQQ)$ - Volume Shelf Breakdown
Tech has broken down from its volume shelf, with the 50DMA now acting as resistance and the Stochastic oscillator pointing lower. The $496 level is a likely target, given the volume gap and its confluence with the 100DMA.
In the previous chart, the 100DMA acted as support for $.SPX(.SPX)$ .
A potential bounce, anticipated last weekend, occurred on Monday, creating a gap that was quickly filled before the sell-off resumed, falling just 31 points short of my bearish target🎯🎯🎯, and the move does not seem complete.
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- KSR·2025-01-11👍LikeReport