Elliott Wave Forecast: QQQ Shows Bearish Sequence from 2021 Peak
The series of rate hikes by the Fed has provided a challenge for the World Indices. World Indices continue to make a series of lower low since they formed the peak in 2021. One of the popular vehicles to trade Indices is QQQ. Invesco QQQ is an exchange-traded fund (ETF) that tracks the Nasdaq-100 Index™. The Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap. Below we will take a look at the Daily Elliott Wave chart for QQQ which favors further downside overall.