Browse Symbol Stacks: $QLD: Technical pattern of $QQQ

Technical pattern of $QQQ

Going into today, I have tightened my stop on PSQ (ProShares Short QQQ ETF) to just below last Friday's low. If we get a bounce in the Nasdaq, I want to lock in the profit quickly, then look for a re-entry point on a bounce into resistance of the 50-day moving average of the Nasdaq 100 (which is now converging with the 20-day EMA as well).

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