imho, MSFT short term support is around 316-317, nearby, there is a historical price reference 315.82
QQQ peak/trough realization
Started by
barbu
, Aug 07 2023 12:49 PM
12 replies to this topic
#12
barbu
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Posted 12 August 2023 - 01:42 PM
QQQ trajectory's peak and trough complies with a few very simple ratios, the 0.866 is a very critical threshold.
as annotated in the above chart, QQQ has a short term support 363.46. The indicator STOMOMIX enters minus 40 zone, in spite of a possible very short term bounce, the overall Long side risk in the next few weeks is high.
#13
barbu
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Posted 14 August 2023 - 11:43 AM
[QQQ:] in spite of a possible very short term bounce, the overall Long side risk in the next few weeks is high 12 August 2023 - 03:42 PM
The QQQ stages a bounce as expected, the immediate resistance is 372.85 (70.7%). to be followed by 374.36 (price reference) and 13 day SMA (a dynamic limit).
