Nasdaq 100 ETF (QQQ): Long

i) Price action exhibiting a parabolic low near the 200-period (30min) Linear Regression Channel within a slightly positive 200-period linear regression.

ii) RSI and wave-trend oscillating suggesting possible long scenario

iii) Long target 1: 286.5 (linear regression channel mean)

iv) Long target 2: 289.5 (most recent intersection of 20-period sma and 200-hma)

v) StopLoss target: 279 (bottom of linear regression channel - 2-std below mean)


Trend Analysis

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