Thursday, August 24, 2017 9:32:27 PM
The Nasdaq 100 ETF (QQQ) QQQ hit a new high in late July
The long-term trends are clearly up and this means my bias is for short-term bullish patterns because the path of least resistance is up. QQQ formed a falling flag over the last four weeks and gapped up on Tuesday.
QQQ gapped up on Tuesday and surged with long white candlesticks.
These are bullish until proven otherwise (hint: mind the gaps).
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