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.