🔴$QQQ shows a clear bearish setup forming right now on the chart. After hitting a high of 728.74, the price faced strong selling pressure and has been steadily dropping. The Supertrend line on the 4H timeframe is sitting right above the current price at 715.99, confirming that the immediate trend has flipped downward. Most importantly, there is no real buying volume to back up a reversal, showing a lack of interest from buyers at these levels. Because of this, the market looks highly likely to continue its move down from the current 705.20 area
Entry :706.20
Stop :712.50
Target :689.00

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