QQQ Bear Flag?

This is my largest single equity position. That’s the qualifier. It is bouncing as expected per our 60 minute charts reviewed each afternoon lately, but…

Let me tell you what I don’t like about this daily chart. I don’t like the wedgey looking upward flag combined with the declining volume. I also don’t care for the down-turned (to a degree, anyway) SMA 50 below which the price lurks. I don’t like the AROON down either.

What I do like is profit and considering the size of this position I am going to go take said profit on a position bought at the height of the media’s ‘RIP Tech’ campaign.


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