QQQQ Nasdaq 100 ETF Daily Chart Back Testing Lower Trend Line

QQQQ ETF daily chart showing the spankdown caused by overbot conditions, rising wedge and negative divergence. A gap down occurred off the top and as this is typed, price is coming up to fill that gap. That would close the open gap loose end and now allow price to fall without worry. As shown by the other green circles, many open gaps exist lower and they will want filled some day.

Price is now back kissing that lower trend line and deciding whether to simply start to sell off again, or try to get back up and into that upward-sloping channel. Price appears to favor sideways to sideways down moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.