QQQ

QQQ closed at 309.10. We saw QQQ move violently this week, after two weeks of consolidation. QQQ moved off of it's sub-300 lows, and ended the week near resistance at 310-312. If QQQ can continue to make a move through this range here, it's likely we can see QQQ test near 330 again soon. QQQ does have slightly more volume to move through near here, so it's possible we see QQQ slow down relative to SPX in the next few weeks. Long term positions are safer on QQQ.