$QQQB broke below the 30-day low: current price 673.78, previous low 680.
After the breakdown, watch two things:
· Whether the previous low of 680 turns from support into resistance (price fails to break back above it on a rebound)
· Whether trading volume increased during the drop; a low-volume breakdown could be a bear trap
Are you bullish or bearish from here?
After the breakdown, watch two things:
· Whether the previous low of 680 turns from support into resistance (price fails to break back above it on a rebound)
· Whether trading volume increased during the drop; a low-volume breakdown could be a bear trap
Are you bullish or bearish from here?
