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Rotuma
Apr 10, 2021 11:38 PM

QQQ: Are we going to reach 340 in next week's session? 

Invesco QQQ Trust, Series 1NASDAQ

Description

QQQ Technical Analysis: We could be looking at reaching 340 if prices remain above 333

Its been a while since my last post on Feb 28, 2021, where I made an estimated bottom of the pullback at 298

The recent price gap to the upside seems to be holding firmly above 333.35 support/resistance estimates, and as long as it stays above 333 per the H1 price chart, QQQ could continue to 340 as marked on the chart.

If it falls below 333, 329 and 326 could potentially act as support as seen in the past.

Comments
UnknownUnicorn1020621
Why not 360?
Rotuma
@WaveAzzReaderz, I would like to say 360, it's at the top of the price channel, but I prefer to take one step at a time and follow my Indicator, which breaks down the price estimates into zones highlighted in solid lines
UnknownUnicorn1020621
@Rotuma, fair enough :)
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