QQQ update 7/4

D:

Sentiment: Above Neutral
Trend: up
Flow: N/A
Support: 485 b\o resistance turned support test/ 480 UTL
Resistance: 500 psych/UTL

4hr:
Sentiment: Bearish
Trend: up
Support: 480
Resistance: 500

1hr:
Sentiment: above neutral
Trend: up
Support: 485
Resistance: 492 UTL

Analysis:

Sentiment not much of a factor here considering that we can stay hot longer than expected and other than 4hr others are above neutral. NFP expected to be + for tech in theory (or at least the bar is higher for a negative reaction) and that fresh breakout on daily can have more legs to that 500 area before pullback. Personally I’d like to see a retest of the b/o spot at 485 before taking a long but all depends on reaction.