$QQQ reclaimed its 20-day MA after Monday's dip. Usually bullish, but context matters — it pulled the same move three times during the June-July slide, and each time it faked out before making lower lows.
Not convinced we're clear to break the August high yet. This could be another trap if we don't see follow-through. Watch whether it holds above the MA or just bounces and rolls over again.
Staying cautious until we see sustained strength.
Not convinced we're clear to break the August high yet. This could be another trap if we don't see follow-through. Watch whether it holds above the MA or just bounces and rolls over again.
Staying cautious until we see sustained strength.
