@ICMakesTrades

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Avg. Quality

72

Success Rate

41.90

Analysis

284
Correct
119
Fail
153
Pending
12
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Fail
QQQ
Short Entry 608.0400 2026-01-21 04:35 UTC
Target 603.6100 Fail 616.5000 In 11 Hours
Risk/Reward 1 : 1
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Final PnL
-1.39%
P/L:
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QQQ
Fail
Stocks
Technical
1H
Analysis Predict Bear Market
The market, including SOFI and QQQ, is currently experiencing significant bearish pressure. SOFI has broken down from a pennant structure, rejecting previous support now acting as resistance at $26.31. The price is heading towards $25.10, and if that breaks, the next target is $23.76. QQQ is also showing a strong downward trend, having gapped down significantly and rejected resistance at $616.04. It is eyeing support at $603.61 and potentially the psychological $600 level. Both assets are in a bearish position, with sellers in control.
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