QQQ's recent breakdown followed by an immediate rally suggests a long-term bullish trend.

while the QQQ advanced 0.12% to $73,744.

I brought up the daily chart of the cues uh which is obviously the tracking ETF for the NASDAQ 100. People think this is actually the NASDAQ. This is actually only the top 100 companies in the NASDAQ but they're the largest and they make up the like 95% of the NASDAQ uh market cap.

uh which is obviously the tracking ETF for the NASDAQ 100. People think this is actually the NASDAQ. This is actually only the top 100 companies in the NASDAQ but they're the largest and they make up the like 95% of the NASDAQ uh market cap. So this is the daily chart.

As you can see, we had this unbelievable rally that rivaled COVID that I think was actually stronger went up faster than COVID. And then okay, this is the top, right? Okay, the market starts to kind of break down downtrend.

Finally, we get the breakdown right here. And what happens? We go right back up. So finally, we get the breakdown right here. What happens? We go right back up. So that tells me the market is higher long term.