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April 21st, 2020: QQQ 60-min Chart

Posted by pugsma on April 21, 2020

QQQ has been the strongest of the indices since the C2 bottom on March 23rd.   It’s formed a nice up channel and today’s 203.63 low fits nicely as a minor 4 of major [1] wave (alternate blue count).   IF the alternate (blue) count is going to play out across all indices, look for QQQ to break above 216.17 first and confirm it.

QQQ 60-min chart:

QQQ Technical Analysis

3 Responses to “April 21st, 2020: QQQ 60-min Chart”

  1. pugsma said

    This QQQ 60-min chart is the most important chart to watch now. IF the major [1] is going to extend higher across all indices, then the QQQ will break above 216.17 first and confirm it.

  2. doubleug said

    QQQ is now solidly above all daily averages 50 SMA, 200 SMA, and 13 and 34 EMA’s. 13 EMA bullishly crossed 34 EMA back on April 15.

  3. pugsma said

    QQQ trading at 216.80 in the pre-Mark and will likely confirm a break-our high above 216.17 in the cash market.

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