Market Review: With this week’s bounce in the market, the key question is whether it will last. I’ll be keeping a close eye on QQQ to see if the previous gap down acts as resistance: If the bears are still in control, then this rally should peter out in this highlighted area. But if the bulls are in control, price should plow through this area and, ideally, form a new higher higher, surpassing the high reached on June 2nd.
Weekly newsletter of Danny Merkel - Issue #75
Weekly newsletter of Danny Merkel - Issue #75
Weekly newsletter of Danny Merkel - Issue #75
Market Review: With this week’s bounce in the market, the key question is whether it will last. I’ll be keeping a close eye on QQQ to see if the previous gap down acts as resistance: If the bears are still in control, then this rally should peter out in this highlighted area. But if the bulls are in control, price should plow through this area and, ideally, form a new higher higher, surpassing the high reached on June 2nd.