This week we experienced a rotation from technology stocks into healthcare, energy, and consumer staples. QQQ could show potential opportunities. If the Big 3 Squeeze histogram breaks under the zero line, QQQ could head under the daily 21 exponential moving average (EMA).
Remember that the NDX special rebalance is happening on Monday the 24th, which could make for an interesting week.
See my update on $QQQ here:
Update on this $QQQ chart from earlier.
Price gaped into H50 at open, but bulls failed to rip it through that level.
Now it's hanging out near LOD with an hourly B3 sell signal flashing. Feels like a spot where we can start drifting lower if bulls don't get it going quickly https://t.co/vfjOFVrMxW pic.twitter.com/5P9J4vysLd
— Taylor Horton (@taylor_horton24) July 21, 2023
Stay Focused!
