$QQQ Approaching LT Support
QQQ The Nasdaq is now within striking distance of long-term support of the 200d ema line, which has held as support for the last several big market sell-offs. Volume has been decreasing leading into this week after peak selling the first week of May.No telling where this could go longer term, but this is now looking like an attractive area for a short/medium term bounce. Ideal entry here in my opinion would be in the $275-$280 range if it gets there this week.
Medium term target: $310-$325 range by late July
Note: This is NOT investment advice. Opinion only.
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