Eyeing Resistance In Q's
QQQ-- The $64,000 question is how powerful was yesterday's low and upside pivot reversal off of 284.83? QQQ needs to climb and sustain above 296.00/30 to open a pathway to challenging much more serious and consequential resistance lodged from 301 to 304, which represents my bull vs bear demarcation zone. For now, I am watching 296.00/30 resistance for signs either that the recovery rally from yesterday is exhausted, which leaves QQQ vulnerable to another loop down to retest the low, or signs of strength that propels QQQ above 296.00/30, which will imbue the setup with a much more constructive pattern off of yest's low... Last is 296.09