It looks like momentum is back and QQQ is getting ready to break out of the trading channel. Based on the COVID rally, I think we have a chance to add another 15%.
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Resistance still holding, for now.
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Monday morning and pullback from resistance.
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Tuesday 4/2 and the market sure is indecisive. Still looking for some news to swing it one way or the other.
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Ouch. This may be a sign of a bigger pullback. It could just be a set up for another run to break resistance, or the market has finally run out of steam.
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Short of a run at the end of the day, this is still a lower high. Right now it was rejected off the center line of the purple trading channel.
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End Friday with a small pull back in the afternoon.
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Still updating this post. Here is what I see today on Wed 4/10. Lower-highs, but higher-lows.
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Triangle still in place.
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End of week and still in the triangle with lower highs and higher lows.
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QQQ gives it up with a bad day today and marks a lower low.
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Probably time to start a new Idea, so this will be the last one here. A lot of lines, but some possible near-term bottoms.
Here is price on the 2h.