1/21/2020 Stocks continue upward and QQQ is nearing the 225 level (measured move up we discussed last week). Perhaps this is the price level where it will finally slow down.

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Hi everyone, I hope all is well.

Indexes made another strong move upwards this week. We discussed that a measured move up for QQQ would result in a move to roughly 225 last week, and we are almost there now. Notice that the weekly RSI is now above 80, which suggests that this move is extremely strong (high momentum). 

QQQ Weekly 1_21_2020

Published by bigfry

Hi, I’m Nathan. I graduated from Boston University in May of 2020. I majored in Finance and minored in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences. Outside of stock trading/investing, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game.

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