QQQ is still in a strong uptrend, trading above the 20d MA
Right now, price is consolidating just below resistance
- Price is hugging the upper band of its channel.
- Support at $586 (20d MA) & stronger support near $532, the previous breakout area
- Resistance at the recent swing high near $603 & the measured move target is $608
Right now, price is consolidating just below resistance
- If it clears $603–$609, momentum could continue higher
- A failure here could mean a retest of the 20d MA
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.