QQQ Short Position

2020년 6월 12일

QQQ already broke through the rising channel from April to June, thus the ongoing correction could possibly bring QQQ further down to its prior support level at 215 (also 0.618 fib retracement). The stop-loss level is set to the prior high at 248. Things are very unpredictable in the market, it is possible that things happening now are exactly like what it happened one month ago (5/11-5/14). In my opinion, the market is long-term bullish , short-term bearish but there won't be a lower bottom.