From the Daily Chart, QQQ is now in an uptrend above
the support of the daily SMA 50, 100, and 200 in somewhat of an ascending wedge pattern.
Distant support is the buy order zone while distant resistance is the
sell order zone above. Immediate ( and breakable ) resistance is
the POC of the volume profile.
I conclude that QQQ is in a sustained up-trend that could be entered
using a stop loss set just below the SMA 200 on the chart in blue.
What is your opinion?
QQQ
Please comment.
the support of the daily SMA 50, 100, and 200 in somewhat of an ascending wedge pattern.
Distant support is the buy order zone while distant resistance is the
sell order zone above. Immediate ( and breakable ) resistance is
the POC of the volume profile.
I conclude that QQQ is in a sustained up-trend that could be entered
using a stop loss set just below the SMA 200 on the chart in blue.
What is your opinion?
QQQ
Please comment.