$QQQ Still in Up Sloping Channel

Until and unless drops out and stays out of this weekly channel it seems obvious to me that bulls are in charge. Of course, that can change and quickly but until it does, I remain in the bull camp. This pullback and sideways motion should help set-up more stocks for good entries. All TBD.

So far, (it's mid-day on Thursday so a day and a half to go) we are having an inside week. That is worth noting should it hold thru tomorrow.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

Note

Here is a perspective with a Monthly Chart:

Note

needs to get back into or at least start tracking up if this Bull Channel is going to continue. It is holding, so far and by a thread, an area of support. If we lose that I would think there is more downside. All TBD. Keep the yellow flag out for now.

Note

undercut the Aug 18th low of 354.71 and is currently trading a just above that level at 355.15. It would be a positive development if it can close above that level. All TBD. I am mostly cash with small positions in , , (largest), and

Brent_Calver

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I am under no obligation to post any action or update to any idea.

Follow me on "X" where I post more content.

Aussi sur:

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Brent_Calver

Aussi sur: