Invesco QQQ Trust Series 1 (QQQ)

[frenchee]

QQQQ's short-term trend is turning choppy which is normal and natural resting phase as the ETF digests info in the face of some strong earnings reports. Nevertheless, the benefit of the doubt goes to the bears as the down trend is still in force. As a result, should be able to add to short positions if the QQQQ trades between 35.25--35.84. Set short stop at 35.85 for trading on 28 Apr 05 if this analysis is wrong.