Nasdaq 100 (QQQ)
Hey,
The year started rough for the Nasdaq — and all domestic markets for that matter.
But, while war in Europe and sanctions dominate the headlines, the US tech sector has quietly started gaining momentum, and now is on the verge of tipping over into a bull run.
The key marker? 350.
As long as QQQ (the Invesco fund that tracks the performance of the Nasdaq 100) stays below 350, stay away.
But as soon as it breaks out above 350, I see it quickly heading up to its next resistance level, at 400.
Good for ~14% in a very short period of time.
Keep your eye on QQQ — and as soon as it hits 350, pounce.
Til next week, good trading,
JC Parets
Sponsored Ad
Free Training: 60-Minutes to Trading Freedom
Would you like to make more money in one hour of fun trading than working all day at a job?
Then check this out…