QQQ Impending Bounce?
Updated
QQQ is stalling at intersection of prior resistance and bottom of bear channel. This cold be a flag pattern about to break to the upside after good momentum the last few weeks.
Comment
Got the swing bounce to the top of the channel and took some profits. Moved other stops up to breakeven. Still bullish until market PROVES otherwise by breaking beneath the lower channel line and monthly pivot point. (black line)Disclaimer
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