After the last dip on Aug 19, it looks like the QQQ ready to grind up to the upper trendline at around 390 before the end of summer trading or first week of September.
Watch for price action next week for confirmation. Don't trade based on this, thanks.
Watch for price action next week for confirmation. Don't trade based on this, thanks.
Comment:
QQQ rebounds to all-time high.
Comment:
So far so good. With AMZN rebounding, FB, MSFT, GOOGL close to all-time high, the QQQ will only go up.
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QQQ is still on its way to 390 according to the line I have drawn
Comment:
The QQQ will probably reach the top of the trendline at 390 next week. Then possible correction in October.