White lines ( bearish channel)
Red line ( Split channel)
Yellow lines ( minor channel)
Rejected Friday at the top of minor channel similar to the spy move.
I expect us to retest that split channel and possibly bounce at around 250..
QQQ has a gap to close around 250.50 from July 2020 that I'll be expecting it to close.
If we do bounce at the split line , pay attention to the wedge that would now form if QQQ trades between the split line (Redline) and the resistance of that minor channel.. A falling could lead to a nice pop..
I expect Netflix and or tesla to be a a major catalyst this week in my idea playing out
Red line ( Split channel)
Yellow lines ( minor channel)
Rejected Friday at the top of minor channel similar to the spy move.
I expect us to retest that split channel and possibly bounce at around 250..
QQQ has a gap to close around 250.50 from July 2020 that I'll be expecting it to close.
If we do bounce at the split line , pay attention to the wedge that would now form if QQQ trades between the split line (Redline) and the resistance of that minor channel.. A falling could lead to a nice pop..
I expect Netflix and or tesla to be a a major catalyst this week in my idea playing out
