$QQQ Chart Update: The last 3 times we had a RSI divergence it led to some selling. We currently have one right now. Will this 4th time be different? Price last week couldn't break above the prior ATH leading to a potential double top and now is resting right at this notable purple trendline support and right at the 50dma with Nvidia earnings coming up.
Volume seems heavier on red days as opposed to green days. A tell? Sure was the last 3 times. Technicals just tell me it's time for the Q's to pullback. Truly pullback here. But I've said this before yet bulls do what the bulls do best and btfd.
Let's see how Nvidia does mid week and we can see where the Q's are then to reassess.
