⚠️ The setups are diverging.
$Invesco QQQ(QQQ)$ just printed a bearish shooting star — a warning that the recent bearish move could resume.
The key level I’m watching:
🎯 $721 gap
That gap remains a potential downside magnet, and with the anchored VWAP sitting well below current price, there isn’t much nearby support from that measure.
📉 Risk/reward currently favors the bears on QQQ.
🔥 $Tesla Motors(TSLA)$ is a different setup.
TSLA is approaching a key demand zone right around its anchored VWAP.
That’s where I’ll be watching the reaction closely. 👀
If buyers step in and defend the zone → potential bounce setup.
If it breaks → the next downside levels come into play.
QQQ → bearish candle + $721 gap
TSLA → demand zone + anchored VWAP
Two very different setups.
Now we watch the reaction. 🎯
Markets are always moving - and sometimes, the best move is knowing what works for you.
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