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Feb 23, 2021 2:55 PM

QQQ Key Areas of Support NASDAQ 

Invesco QQQ Trust, Series 1NASDAQ

Description

Here are some key areas for NASDAQ QQQ that many traders are likely watching. I try to stick to only drawing lines that appear to be "obvious" to every technical analysis trader. The more obvious they are, the more eyes are on them.

~$304 would be a great entry as we've seen this level used as support and resistance, both with with strong responses. If that doesn't hold, then $298 which is not too far away would be the next area of entry.

We may not reach these levels if today's break from the parallel-ish channel happens to be a fake out.

Trade closed: target reached

Was 2 cents off from predicting the exact bottom.
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