SviCapital

QQQ, Half Way to the Top

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
The price is channeling up to the important resistance level. If reached that would be a third retest of that level. A successful breakout would be a very bullish event. The technology sector is an important part of the major indices especially Nasdaq.

I outlined some potential scenarios. For now, the bulls have the priority. As long as the price stays within the channel and above the support they have a chance to reach to resistance.

10/12/2019

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