$QQQ Recap of Last Week - Down on the Year - New Downtrend?

QQQ Recap of Last Week - Down on the Year - Bigger Downtrend Starting

Wow, what a chart. Last week we opened with a gap up above the 30 minute two moving average and then we hit the down gap from December 27 and that was also the top of the downtrend line. (Redbeard arrow)

From there, we took it all the way down to the downtrend line (green arrow) So underneath the 30 min 200MA, the 1he 200, the 35EMA, under the 50DMA, filled the gap from the first week and we closed at the bottom of the days range.

And as of right now premarket looks like we're gonna break down this down trend and take it lower

What a week!! 😅

New week trading ranges coming soon