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Dr_Roboto

QQQ rejected off top of 2009-2023 channel

Long
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
Dr_Roboto Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis nasdaq NASDAQ 100 CFD TECH technologystocks
2
0
trendanalysis nasdaq nas100 tech technologystocks
Blue channel represents the primary trading channel since the 2009 crash. Only during the Covid bubble was QQQ able to escape that channel (ended up doubling it). Price can still work its way up along this resistance line, such as 2014 and 2018, but both of those times the stock market averaged out to be pretty flat over about a year time frame.

Here it is on the 1W
snapshot
Comment:
Still testing this resistance.
snapshot

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