White lines - daily support and resistance
Yellow lines -Weekly channel
Well.. everything broke out today The chip sector and most of the Fanng. On the minor time frames the QQQ is overbought but on the daily RSI and MFI have room to go. There's no real resistance except for at around 405 which aligns with daily RSI divergence. If we break over 405 there's a High chance we could see 420 (Seriously).
Long to 405 than see. Any pullbacks are buyable unless it falls back below 400$.
Also on the 15min time frame QQQ has formed a bullish channel. It closed at the top so we could possibly see a pullback 402.90 before bounce.. Let me know what you think.
Good luck Let's see what happens
Yellow lines -Weekly channel
Well.. everything broke out today The chip sector and most of the Fanng. On the minor time frames the QQQ is overbought but on the daily RSI and MFI have room to go. There's no real resistance except for at around 405 which aligns with daily RSI divergence. If we break over 405 there's a High chance we could see 420 (Seriously).
Long to 405 than see. Any pullbacks are buyable unless it falls back below 400$.
Also on the 15min time frame QQQ has formed a bullish channel. It closed at the top so we could possibly see a pullback 402.90 before bounce.. Let me know what you think.
Good luck Let's see what happens
