can see that a doji has been formed after the bearish engulfing pattern. Yet, QQQ doesnt seem to go down much..instead, it is doing the opposite and pushing higher. Do you still hold on to your bearish view? I am short at 355...down 11pt.
jakelikesstocks
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@kwancy11, Thank your input.... I think since we had a fed meeting that didn't shake up things much even though nothing was really answered, it may be giving the greenlight to tech stocks. I would be watching the IWM as well to see if it's weak or strong and then QQQ can probably gain steam from there.
I would be cautious as long as the rsi is above the blue line. It's been able to hold that.
kwancy11
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I can see that a doji has been formed after the bearish engulfing pattern. Yet, QQQ doesnt seem to go down much..instead, it is doing the opposite and pushing higher. Do you still hold on to your bearish view?