QQQ shows a bullish technical setup: an upper-level consolidation within a five-month range suggests a potential breakout.
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the market, the NASDAQ and semiconductors and Meta, Microsoft, the magn names.
And that's why when you look at the QQQ or the SPY, uh they look great. They've been trading well. The Q's, like you just said, are making highs.
We did get good continuation in the Q's. Another thing that I was calling out for a long every single day last week, I was saying we got to be building into positions in in the NASDAQ itself. It just looks so good.
I love love an upper level consolidation like this here in the Q's on this daily chart within the confines of a broader consolidation. So there's basically a fivemonth consolidation here in the Q's in the NASDAQ and then right at the resistance of that fivemonth consolidation it built an even tighter upper consolidation like in the upper right hand corner of the entire thing.
I love that. That's such a great great setup for a breakout.
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