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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

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