Bullish Profile for Q's

Bullish Profile for Q's
By Mike Paulenoff, www.MPTrader.com

The Q's (NASDAQ: QQQQ) exhibit a very bullish profile for the session and appear to be ready to resume strength into the final hour of trading after a period of two-way trading during the noon to 2 pm period. Should strength resume during the final hour, the pattern argues for a run at last Friday's high of 52.26. Only a decline that violates 51.00 will compromise the developing pattern.

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