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.

bigfry Category1 January 21, 2020 1 Minute

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 majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy programming, teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU. I'm currently teaching Go full time, which has been the best job I could ever hope for. I'm also currently attending the App Academy bootcamp which started in January 2023. View all posts by bigfry

Published January 21, 2020

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