Long term log chart Nasdaq 100 index support around 6500 points, as arrowed.
Same thing for TQQQ as NDQ or NDX, all showing nearby support.
NDQ- Short term, may test support of 20-day moving average (brown line). Currently price action is still above a rising 20-day moving average. 200-day moving average also nice health upTrend slop.
Nasdaq100 index. Healthy UpTrend. Red line since 2009 to 2015. Sideways consolidation around 2015. Pink UpTrend line from 2016-present.
NASDAQ:AAL the 28 day ascending triangle is not a very strong trend that i will usually trade. There's a strong resistance at $40.47, if we manage to turn this resistance into support, I target at $44.13. Stop-loss: $37.78 For safer entry, a break with confirmation above $40.47 will give a better risk reward. A break below SL will nullify this bullish take.