Market put up a fight today but end up Red regardless. There is a High probability of a new Lower Low this week.
SMA200 and SMA20 very part from each other, Price very apart from SMA20 and Double from SMA200.
We could see a new lower low but also a Green pivot once we entering to an oversold Territory.
Then we could see a short term bounce to retest the SMA20 EMA21 Support Band.
Price has been 47 Days under the SMA200.
Price has been 62 days under Support band SMA20 EMA21
RSI entering Oversold Territory.
MACD indicator crossing down.
QQQ
SMA200 and SMA20 very part from each other, Price very apart from SMA20 and Double from SMA200.
We could see a new lower low but also a Green pivot once we entering to an oversold Territory.
Then we could see a short term bounce to retest the SMA20 EMA21 Support Band.
Price has been 47 Days under the SMA200.
Price has been 62 days under Support band SMA20 EMA21
RSI entering Oversold Territory.
MACD indicator crossing down.
QQQ
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