carvil_

QQQ ascending channel, breakout this week

NASDAQ:QQQ   INVESCO QQQ TRUST UNIT SER 1
QQQ is on a massive daily ascending channel that started in March. Ascending channels are typically bearish (on top of that, take a look at the RSI divergence), but we've seen that not materialize in SPY before.

Is tech going to continue to push higher, or is this the right take to take profits?

Comments

Dump, look at open interest on those puts GUH
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