Bullish on QQQ, but short-term weakness showing
Still bullish on $Invesco QQQ(QQQ)$ , but short-term weakness showing—here’s what I’m watching.
📈 Weekly BX still making higher lows = long-term trend intact
📉 Daily BX closed with lower highs + 1hr chart broke market bias = short-term weakness
⚠️ Expecting a rejection tomorrow—worst case, we sell off to $530
That’s where I’ll be looking to buy at a discount.
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QQQ is down 2% 🩸 since last nights post
Now we are pulling back to test institutional buy / SMZ
If bullish structure wants to hold, we must bounce within this range.
If you are hunting an entry, I would wait for 1hr BX to confirm HL 🦅
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I expected this dip, but not in a single day. 👀
The daily BX was showing lower highs, a clear sign that buying pressure was fading, and price dumped straight into the smart money zone.
So now what?
Buyers need to step in here, or we’re heading lower. Worst case, I see a pullback to $517-$520 before the next bounce.
If we don’t hold, a much bigger correction could be coming.
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- fikres1998·2025-02-22Great article, would you like to share it?LikeReport