QQQ -Nasdaq Bull Flag forming?

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After a volatile week, QQQ has been hit by some short-term selling pressure. This in turn, has made its technical patterns look quite bearish at the moment.

However contrary to this, it may appear that a "Bullish Flag" pattern may be forming. If the price can bounce of the bottom of the channel pattern ("Flag") at $186.31, move higher and breach the top of the Flag at $192.89, we could see prices move higher. If it fails to do so however, we could see more selling.

Watch this space over the next few trading sessions.

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