Invesco QQQ Trust Series I

QQQ: A PULLBACK IS POSSIBLE

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Looking at the 1 hour chart we can see some small bearish divergence developing on our trusty TDI indicator, suggesting a small pullback is likely

Here, I've highlighted several key support zones to watch for in the next few trading days - week


- 378: could fill the gap to the downside to retest our 50 hour moving average (Yellow circle)

- 370: a key fibonacci retracement level

- 365: the upper bound of our 4 month bull flag


There is no need to flip bearish mid term if the MAs hold up, should retest these levels first before moving to all time highs

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