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trdnvestor

QQQ most likely to test 332 and then decide the direction

Long
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
trdnvestor  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Support and Resistance Supply and Demand Trend Lines QQQ qqqlong qqqforecast NASDAQ 100 E-MINI FUTURES nq_f nasdaq NASDAQ 100 CFD NASDAQ 100 CFD
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supportandresistance supplyanddemand trendline qqq qqqlong qqqforecast nq1! nq_f nasdaq ndx ndx100
QQQ Weekly chart looks still bit weak. Friday's action saved it from meltdown. Thursday's bounce from long term trend line (more evident on NQ Futures) was big saver. Going forward, QQQ needs to close above 332 to push bears to sideline. If close below 322.80, would be big red flag as it may start weeks of downside action. Must hold trend line support in any case. Chart shows two possible paths it can take from here.
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