QQQ Long

QQQ broke above the .382 level from the correction and is now on the way to 287. 287 should be reached by around Wednesday of next week. Once 287 is reached there will be decent selling pressure with bears looking to reenter. In a bullish case, 287 will be broken, value investors will go long and we will see an ATH test with resistance, that can then lead to a new wave pushing higher.

The target for the next wave if a bullish case is in play will be 329 IF QQQ > Current ATH