$QQQ 2HR
QQQ broke downtrend and then broke out of weekly bear flag. Buyers defended the lows and forced price higher. Contrary to the popular narrative of just going straight up, I believe we see some sort of retracement next week. Fill the gap and backtest the bear flag breakout before we continue higher. We are currently in a beautiful channel up. We need to absorb the sellers from 324-326 before the fill the gap from the yield selloff. 318-316 Must be defended so it offers the best long R:R.
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