Invesco QQQ Trust, Series 1
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QQQ bounces off demand to attempt all-time-highs

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QQQ is looking to take the weekly timeframe resistance here on a rather overheated market in my opinion. I do believe we just might see all-time highs by next summer despite all the economic turmoil. The index is very close to the .886 fib level and has risen above the previously rejected weekly resistance. Zooming out, the RSI and volume are both on uptrends as investors look to be exiting safe havens and adding risk more regularly. I think 410$ is in the cards in 3-4 months.

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