$QQQB is testing support around $685 after rejecting from the $740 area. The recent pullback looks like profit taking rather than a full trend reversal.
If $685 holds, I expect a move back toward $705 to $720, with $740 still the key breakout level. Losing $682 could open the door for a deeper correction before the next leg higher.
I'm watching this dip closely. It still looks like a buy the dip setup until proven otherwise.
If $685 holds, I expect a move back toward $705 to $720, with $740 still the key breakout level. Losing $682 could open the door for a deeper correction before the next leg higher.
I'm watching this dip closely. It still looks like a buy the dip setup until proven otherwise.