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May12th, 2020: QQQ 60-min Chart

Posted by pugsma on May 12, 2020

On the QQQ 60-min chart, the QQQ’s are still bullish above the 217.32 level.   Thus, the wave counts are the opposite of the SP500, with the primary (green) count on the QQQ looking for a move up to 234 to 235 to complete major [1]-P1-C3.

On a break below 217.32 look for the major [2] expanded flat wave to drop to the 200 area per the alternate (blue) count labels.

QQQ 60-min chart:

QQQ Technical Analysis

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