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Invesco QQQ Trust, Series 1

QQQ range bound

Oleh Dr_Roboto
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.

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No news is good news as QQQ grinds higher.
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Rejected
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Grind away like Feb-April
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End of week.
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same old, same old
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20 days and counting. Don't expect anything to change until after the election.
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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.
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grinding along waiting for the election.
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NASDAQ 100 CFDnasdaqTECHtechstocksTrend Analysis
Dr_Roboto

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