QQQ hovering around the resistance of the core channel from 2010. Found support on the center of the black channel that is based on the COVID bubble. Price seems to generally range bound in this area between trendlines. Looks like more sideways without something big to push it one way or the other. Overall, it seems like tech has run out of FOMO. That does not mean we don't keep moving sideways and slowly up, but it does feel like any big moves to the upside are less likely.
Catatan
Catatan
Catatan
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No news is good news as QQQ grinds higher.Catatan
RejectedCatatan
Grind away like Feb-AprilCatatan
End of week.Catatan
same old, same oldCatatan
20 days and counting. Don't expect anything to change until after the election.Catatan
I am still updating this month-old idea because it is still holding true. Today was just another test, but this time of the black center channel instead of the blue channel. Catatan
grinding along waiting for the election.
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