Invesco QQQ Trust, Series 1

Long

Nasdaq Breakout - Heading for new Highs

Updated

NASDAQ has been in a triangle consolidation during the rotation trade, breakout today increases probability to new highs with a target of 350 in QQQ

Note

Trade is progressing well toward target of 350 - at which point price will be in the region of over 17% above 200 ma at which stage institutions tend to take profits and rebalance in rotations...TBD

Note

Target achieved at $400

Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.