Today QQQQ is showing 3 signals of near term top:
- RSI curve trying to move below the overbought region
- A doji on the daily candlestick chart
- MACD crossing the signal line from above
These 3 signals together suggest that the market might be ready for another correction. Whether this area becomes 'THE' top for a longer term remains to be seen.
Disclosure: No position in mentioned security.
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