Stock to Watch - PowerShares QQQ Trust, Series 1 ETF (QQQ) - Is this the top?

in #stocks6 years ago

qqq_d.jpg

I am looking for opportunities here are QQQ and the tech sector hit all time highs yesterday. The entire sector pulled back today and the NASDAQ was down -54.17 today.

The 170 level is key for QQQ. The MACD still has some upward momentum , but things don't grow to the sky, and thus I expect QQQ to pull back to the 170 level. Notice that the 50 day has also turned up.

I am going to be day and swing trading the tech sector at these levels. There are some great opportunities here as the crypto trade has slowed down.

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