My 5 year plan for NASDAQ’s ETF (QQQ)
QQQ Has been consolidating for 4 months around $296~259 as we prepare to breakout or get rejected by previous support. (It is important to note that this support at around $315 has acted as resistance since September and June before that) The 50MA has been acting as support for QQQ since May of 2010 at been rejecting nicely throughout the years. I would not be surprised if this is the end of the bearish streak, I’ve already entered around the buy zone and will keep accumulating as the weeks roll by. Again this is my plan do your own due diligence and don’t be afraid to share down below.
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