QQQQs Daily

QQQQs had a very small trading range with low volume, an indecisive day.

Would avoid making any commitment to trades.

QQQQ’s

Continued divergence, price weakening now. Indicators point ot lower prices on QQQQ

QQQQ’s

We still have divergence MACD – Price on the QQQQ’s so expect futher downward pressures.

QQQQ’s

To try and get a feeling for the wider market we are adding a view on the QQQQs themselves as well.

From the daily chart we can see some divergence MACD to Price

From the weekly chart we can see and up trend however price is coming close to the uptrend.

While we are still in an up trend however some form of pullback is probably on the cards, I would favour short (puts) over long (calls) in the short term.