We've been in what appears to be a bull flag since Oct 13. However, we have also been out of the bullish channel since Oct 19. There are strong horizontal supports at $282 and $281, so I'm expecting a breakout from the bull flag on Monday open. If not, then QQQ will fall to the bottom of the bull flag and perhaps down to the horizontal support at $273. Right now, it is still unclear.
If it breaks above the bull flag and the horizontal resistance at $287, I think it would be a good opportunity for a swing trade next week up to $292.
This is not financial advice. Please understand your own risks.
If it breaks above the bull flag and the horizontal resistance at $287, I think it would be a good opportunity for a swing trade next week up to $292.
This is not financial advice. Please understand your own risks.
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