$QQQ - Gaps tend to be filled

SmartReversals
01-27 07:55

$Invesco QQQ(QQQ)$ - Gaps tend to be filled when they are close to overbought price action

Stochastic and Williams%R are overbought, can they continue in that condition? of course; but there are two gaps below, and in previous cases they have been filled or at least re-visited.

Will this time be different? I don't think so.

$SPDR S&P 500 ETF Trust(SPY)$ $iShares Russell 2000 ETF(IWM)$ $Apple(AAPL)$ $NVIDIA(NVDA)$

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$iShares Russell 2000 ETF(IWM)$ has faced rejection at its 50-day moving average for four consecutive days, culminating in a doji candle. Next week's price action will determine whether this bounce is sustainable or simply a reset of indicators before the resumption of the correction that began in November.

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