QQQ/NASDAQ will be making an all time high around election
Updated
A bull flag has been formed, breakout will high likely be on Monday (Oct 26th). Another all time high looks like on the way.
Trade active
Bull flag was broken down on Oct 28 and 29, but the conviction on the down side is reluctant. Now, it returned back to flag channel. Continue to hold and monitor.Note
QQQ is making vertical up move for the past three days with big gaps. When vertical move is observed, big reversal usually happens after. Wait and see then.Trade closed: target reached
The position is closed today as the target is more or less reached. The parabolic move is dangerous.
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