QQQ Bounce coming from?
$Invesco QQQ(QQQ)$ : (1) Lower lows continue. (2) Bearish engulfing suggests more downside. (3) Volume shelf indicates that a decline to $510 would still be a consolidation. (4) Daily volume validates the bearish candle. (5) Gap to watch if the volume shelf is lost.
Bounce coming from:
A) The 20&50 DMAs? (now)
B) From the edge of the volume shelf?
C) Qs heading to a gap fill?
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