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Bullish Posture Towards Q's


Let's notice that the Nasdaq 100 Trust Shares (Nasdaq: QQQQ) are trading near the mid-point of the range between 3/14 and 3/22, which leaves us in the middle of no where. That said, the larger pattern from the March lows remains relatively constructive, which makes me defer to a bullish posture (upside resolution) for now. However, if the Persian Gulf situation worsens because of a full-blown confrontation, and the Qs violate support at 43.23/10, then the Qs likely will press towards another test of the March lows near 42.
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