QQQ’s long and short term trend is up.

27 Apr 2020

This is the second consecutive positive week for the Q’s QQQ. During the week, the QQQ gained 14.43 points 7.18%, and closed at 215.29 on Friday, 4172020. Weekly volume was 20% above average.

The short-term uptrend that started on 4/23/20 at 164.93 and reached 216.51 on April 17, 2020. QQQ gained 51.58 points, or 31.27%, in the past 20 or so days. Price is near the trend high but appears to have at least one more wave up to wave 5. Price targets currently at 226.