PaperBozz

$QQQ - What will it be?

Long
BATS:QQQ   Invesco QQQ Trust, Series 1
QQQ seems poised for an upward move, with tomorrow's non-farm payroll data set to determine its direction. The MACD indicator is currently at a crossroads.

It is trading within a descending wedge pattern. If it can maintain support at $353, there's potential for an upward move.

However, a break below $353 could lead to a drop to the $330 area.

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