QQQ set to re-test key resistance today
Updated
QQQ will re-test the $324 resistance today, shown here in hourly chart. Good momentum, crossover of MACD, and now finally trading above the MA20.
Note
Failed to move through the $324 level; has since retreated and begun to form new pattern and new short-term channel. Attention being paid to inverted H&S pattern, apparent in 1h / 4h / 1d charts. A bullish move could push QQQ through the $324, converting it to a support. Watch for volume and confirmation candles.
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