QQQ looks to break into bullish territory
QQQ again breaks out above the longer resistance line to test new more bullish grounds
The bulls are looking to be taking over in the near future showing further weakness in this sell off.
- For the second day in a row QQQ breaks above the long term downward resistance line
- This breakout is accompanied with increased volume over yesterday while trading in the higher zone
- RSI breaks above SMA during this time
- RSI's SMA been flat to trending slightly updward
The bulls are looking to be taking over in the near future showing further weakness in this sell off.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.