NASDAQ:QQQ WATCH OUT BELOW.
If ONLY charts could predict the future. March 20th bottom again? Too many trend-lines converging may act as a price magnet. Gap at 378. Breakout retest. Down to 0.786 Fib and 200 Week moving average.
This is a simple chart analysis looking back to 2009 and all the support and resistance flips that form new channels along the way.
Which scenario is most plausible only time will tell.
Let me know your thoughts.