Short Thesis - QQQ Ascending Wedge Break & Retest

30 มิ.ย.

QQQ had a major uptrend break to the downside in April, which led to a sharp correction. However, the downside was short lived and QQQ eventually recovered and just made another new all time high. This is very similar to the SPY wedge I shared, QQQ had a double top and rejected on a retest of the previous uptrend. It has been in another ascending pattern during the bounce which it'll need to break below as well for further downside. I expect this will happen soon.