$QQQ RECAP of Last Week Feb 10-14

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Last week was inflation data week and Monday and Tuesday we opened with a gap up and then stayed flat from there until CPI on Wednesday where we dropped down and filled the Monday gap and bounced on the 50 Day Moving Average.

After CPI (which came in HOTTT) and the bounce on the 50Day up and past the next two resistance levels. Thursday was a big day, followed with a continuation upward to close the week just under previous ATH’s


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Watching just the 35EMA and the 30min 200MA we stayed bullish the entire week there (meaning 35EMA (red line), above the 30min 200MA (blue line))

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Stupid Willy reading overbought but no red signal line yet.

Penafian

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