Get started
carvil_

QQQ ascending channel, breakout this week

Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
carvil_  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis Technical Indicators Chart Patterns QQQ
3
1
trendanalysis indicator chartpattern qqq
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?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.