QQQ (nasdaq etf) - Support, Resistance, Trend - October 2021
Nasdaq index ETF has been in a daily downtrend since September 2021.
QQQ price is currently below trendline resistance.
Bearish scenario: price falls below $360 down to $350.
Bullish scenario: price breaks above $365 up to $372.
Resistance(s): $365, $368, $372, $374, $378, $382.
Support(s): $360, $353, $350, $348, $345, $341.
Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility for the next 30 days.
QQQ price is currently below trendline resistance.
Bearish scenario: price falls below $360 down to $350.
Bullish scenario: price breaks above $365 up to $372.
Resistance(s): $365, $368, $372, $374, $378, $382.
Support(s): $360, $353, $350, $348, $345, $341.
Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility for the next 30 days.
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