New Upleg for Q's?

So far this morning's low at 48.29 in the Q's (NASDAQ: QQQQ) is looking very much like the conclusion of the pullback off of Monday's 48.99 high as well as the start of a new upleg. If all of the above proves accurate, then the current "up bar" on the 4-hour chart represents the initiation of a new advance that should hurdle 48.99 on the way to at least 49.50/60 and, more than likely, on the way to 50.
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