QQQ shows technical strength by breaking above trend lines and is projected to hit near-term resistance at 74865 soon.
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Speaking of tech, moving into the QQQ, which is the NASDAQ 100. Look at the monumental push here on this chart, too. Up 2.77%. Notice what it was able to do. It did extend further than the S&P 500.
But I remind you, look what happened to the S&P 500. It had to fight to get through this declining trend line throughout the day. The Q's did not. Instead, they gapped up on top of that trend line. and then like a springboard, like a diver on a springboard just bounced on it and went much higher on the charts.
Talking about all-time highs, very very close on the cues right at 74865. That's the near-term destination should we continue marching up as early as tomorrow to tag that to find some resistance.
What this channel has said about $QQQ
Verified Investing has 6 calls on this stock; only the adjacent ones are shown.