Invesco QQQ Trust Series 1 (QQQ)

[frenchee]

Here's my current breakdown on why I'm still bearish on QQQQ.

Reference http://stockcharts.com/h-sc/ui?symbol=qqqq&period=DAILY&years=0&months=3&days=0&...

1) Slow STO, RSI, MFI, and Chi Osc bearish but not oversold. Suggests more downside action is probable.

2) MACD histogram rolling over while under the zero line.

3) Lots of resistance between 36.75 and 37. Note the volume associated with these price range.

My current target is 35.92 with a stop at 36.95.