Nasdaq/QQQ broke out of an eight-to-nine-month weekly consolidation, supported by 20-/50-week moving averages and bullish RSI/MACD. A weekly close would confirm it; next week needs follow-through. A $30-$35 move from $101 implies about $136 before major resistance; setup is bullish and works better in volatile times.

But Tim, you have not one , but two names that have reached their all-time highs today. You also have the Nasdaq index on your list of the top three stocks. What are your expectations for the Nasdaq index?

Going back to what I said in the opening, there is no surprise in that. I saw this major breakthrough. The price has indeed broken through that zone which it had rejected several times before.

You can see that clearly on the graph. After that, I started thinking about the basics. For example, what is the reason for this movement? As many of you know , and as an active day trader myself, we have a 23-hour trading session coming up.

The Nasdaq index is the leader in this field. As December approaches, they are reacting to many things. We are seeing all these international cash flows coming into the American markets.

It is truly the most attractive place to invest your capital. And I think they have been talking about this for years and years . I remember 20 years ago when I started trading, they were talking about this .

But I think the prediction markets capture a portion of this speculation, so they want to expand its scope. And when you think about it, more trading volumes, more trading hours.

Well, who benefits from that? It benefits the stock exchange itself. Therefore, it is a powerful graph. I love the idea of moving towards 23-hour trading, and it's one of the few powerful charts I can find.

So, I like the look of it breaking up what looks like a double top.

Okay, I mean, 23-hour trading means we'll be working longer hours, Marley. So, this is not something I find enjoyable . But if you look at the three- year weekly chart , that's actually a really good setup.

Therefore, we will ignore the daily chart because the weekly chart tells you that this is trying to break through here. We can see that the Nasdaq has been trading in a sort of consolidation range for a pretty good amount of time here, about eight or nine months .

He had already attempted to retry this type of hack at $101 in August of this year. He was unable to do that. He has retreated. This is a weekly chart. The 20- week and 50-week moving averages were acting as strong support zones .

The buyers have stepped in. Today we see a breakthrough. If we can close here for this week, that's an official breakthrough. Next week, we would like to see more follow-up. The Relative Strength Index (RSI ) is recording higher lows.

The MACD indicator has crossed in a bullish formation here. It is above the zero line. This has been in the establishment phase for a very long time . Now he's trying to hack in.

Even if you look at the top and bottom of this consolidation, it was approximately $ 30 to $35 . You can add that to the $ 101 breakout level . You're still looking at around $136 , upside before you reach the next major resistance zone .

This is a very powerful chart setup and actually works better in volatile times compared to a bull market , and that would also be an added advantage for the technology sector.