QQQ Setting up as Expected

Accumulation has begun in earnest. We should see a 10-12% up side with this next rally to put us into a balance period. The green zone is the top of the long term channel. The red is the base of a bull channel. Incidentally, since 2009 crash, we left this red channel base. And we took this long to reclaim it. Now we're testing if this is the new channel and if it holds... oh baby. I remain neutral until early June when we're through the first rally. Won't "invest" again until that pattern is complete, but very happy with my by point only a few ticks off the low. That bounce point was exactly the mid term 70% outside range on volume profile. Only day traders know these levels. So until we complete the pattern and even more large money and volume come in, no buying long term holds for me.