Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Bullish Pattern in QQQQ


The upmove off of yesterday's low at 41.50 exhibits bullish form on my micro charts, which indicates to me that after this pullback is complete the Qs should enter another potent upmove that will propel prices above the prior rally peaks at 42.49 and 42.76. At this juncture, only a decline that breaks yesterday's low at 41.50 will compromise my current outlook.

For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his new MPTrader Trading Diary -- a combination of his diary services.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!