Invesco QQQ Trust, Series 1
Panjang

QQQ Turning Bullish

170
Pretty massive covering this morning in the premarket. Futures suggest we're putting in a bottom. I expect one last push through 9 am today, tuesday with a strong rally off the base of a new up channel. This is my updated QQQ top w/ trend lines price will try to take and hold as justification for the pattern. Don't get me wrong, I think it is highly unlikely we'll break out of this by much, and I'm overall bearish after this top is put in. But we have not seen institutional selling hard enough to warrant a top just yet IMO.

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