Hi everyone. I didn’t get to blog yesterday and I suspect that posts will have to be on Monday now since the weekends are very packed for me this semester. Sorry again that I missed the post yesterday.
Let’s look at the daily chart of QQQ below. Last week I spoke about the range from roughly 217 to 227, and I suspected that if we broke above that range, we would continue much higher, and vice versa if we broke below the 217 level. We broke above that range last week, and went up quite a lot today as well (Monday). There aren’t any signs that this upward move will end anytime soon.