Strong wave up incoming - likely NASDAQ:QQQ will shoot up towards end of the year with rate cuts incoming and it being an election year, plus technical-wise it has pulled back quite a bit and due for a wave up
QQQ Long (2024.02.21) Current price : 426.00
It shows that technical indicators are overselling
Although there has been some adjustment, it is very likely that it will go up further.
It is worth aiming for a profit of at least 1%
QQQ down in the range of the June lows on the 30-minute chart appears to be in a falling wedge pattern
now with two green candles in a trend breakout from the wedge to close out the week.
The volume indicator shows a corresponding volume spike.
Are short-sellers buying to cover and take profits? Are new buyers taking a buy the dip position?
What is your...
