QQQ - Breakout or Fakeout?
Finally, some action after a very boring month or so of being range bound. The lack of a contested election provided a major boost to tech the last two days :) Now, the question is if this rally is a true breakout above the trading channel that has confined QQQ for most of the last 14 years or so (minus the COVID bubble) or if it is just a fake out.
Trade active
Could we see another 10% or even 15% rally?
Trade closed: target reached
Looking like a fake out
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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.