$QQQ is now firmly pinned below the 200-day moving average. The big rally on 11/9 only filled half the gap, so I’m not treating it as a reversal.
It closed at 674.76 today, with the 200-day moving average at 681.42—a gap of less than 1%. It surged to 682.48 intraday on 11/9, and today’s high was 680.95. It has tested this line two days in a row without getting above it, and volume has also shrunk to around 70% of the 20-day average. It’s down more than 11% from its early October high of 762.
#美股 #纳指 #TechnicalAnalysis
It closed at 674.76 today, with the 200-day moving average at 681.42—a gap of less than 1%. It surged to 682.48 intraday on 11/9, and today’s high was 680.95. It has tested this line two days in a row without getting above it, and volume has also shrunk to around 70% of the 20-day average. It’s down more than 11% from its early October high of 762.
#美股 #纳指 #TechnicalAnalysis