Qs Continue to Grind Higher

With about two hours remaining in today's session, the Qs continue to grind their way off of this morning's new reaction low at 40.26 to an intraday recovery high at 40.66 (so far). To trigger upside acceleration, the Qs must hurdle and sustain above 40.70-.75, which should trigger a run at the 41.20/40 resistance plateau -- on the way to 41.70/75.

For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his Macro Trading Charts. Or try his QQQ Trading Charts or his E-mini S&P 500 Trading Diary.

  • 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!