Happy turkey week! I got a lot of school work done and I did some recipe testing for my own Boba company so that’s good. I hope your week was just as eventful.
Analysis on QQQ is below the chart.
Above is the weekly chart of QQQ. Notice how the bearish weekly divergence is now gone, so it looks like momentum wasn’t as weak as I had originally thought. This move upwards has been quite explosive, but I think we will cool off and retest the 195 level before moving higher. Or we can just go up forever.
See you next week.