Break of upsloping trend line leads to drop to 660.
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So, let's start with the S&P and the QQQ today. They're down, right? S&P and Q's are both down, but I want you to pay attention to something.
14 and a half, not even, but around 14.5 million shares traded on the Q's compared to 36 mil on the average for the past 30 days
If this ups sloping trend line ends up breaking, guys, I anticipate a fall closer to at least 660 on the Q's, which would be that would be pretty decent. I've spoken over the past couple weeks about how the S&P and the Q's have kind of decoupled.
Q is still significantly down from their all-time highs about four and a half% not significantly but much more than the uh spy which is only basically 2% under 2% away from alltime highs.
We'll see what happens first whether we end up breaking up making new all-time highs or breaking down from this ups sloping trend line.
What this channel has said about $QQQ
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