February 17, 2022, 2:17 pm EST
Breakdown Follow-Through (QQQ)
Technology-focus index Nasdaq or Nasdaq-100 ( QQQ ) has been in trouble in 2022.
- The initial breakdown at 382 was fatal and a warning for the coming downtrend
- Breakdown follow-through will occur around 348 after the convergence process
- Falling below 348 will open the door for another sell-off until reaching rebound or support at 300 as shown
It seems like another wave of selling is coming as breakdown follow-through when falling below 348 level. QQQ will head down to 300 level which will another significant drop for the index.
