$QQQ Recap of Last Week Feb 18-21

Last week we started the week with a run to make new ATH’s and then a drop back down to the 50DMA.

New ATH’s on Wednesday and then a gap down Thursday. Watch that red signal line Thursday going into Friday - clear resistance (at the red arrows)

We saw resistance at the 35EMA and the red signal line and we dropped all the wan down to the 50DMA.

We stayed within the implied move all days expect for Friday.