QQQ bear scenario ..
QQQ would have to close below 319 which I don't think it will after finding support there now.
LVLS near 280-295 would be a great long term bottoming area in the tech names if we get any further downside due to slim possibility, poor reaction to FED decision this upcoming, or from no more QE in markets.
334 to the upside will be our next major resistance to watch iMO. currently 324.
QQQ would have to close below 319 which I don't think it will after finding support there now.
LVLS near 280-295 would be a great long term bottoming area in the tech names if we get any further downside due to slim possibility, poor reaction to FED decision this upcoming, or from no more QE in markets.
334 to the upside will be our next major resistance to watch iMO. currently 324.
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