Stock Chart: Breakdown Follow-Through (QQQ)

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.

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