Crocuses-QQQQ

Same set up as the post of SPY.

1. Shows the trading range with different levels that this ETF has been in since last fall.

2. Golden Cross of our proprietary moving average {see previous post for an explanation of this}. QQQQ is in a much more pronounced uptrend.

3. QQQQ is butting up against resistance from last fall. Probability would indicate that this index should pause or retrace some of its prior gains at this point. A failure to take that expected course could be construed as a very bullish event.

4. Same levels of this ETF being over bought.

*Long QQQQ in various client accounts.