Invesco QQQ Trust Series 1 (QQQ)

[farooq]

Dave,
I think I should keep some secrets in my sleeves, LOL.

Well look at QID chart see what you project? Then I will tell how I came up with 65 $.

We have pretty good chance to test 1420 area on SPX in next 2 months before testing 1222 again.
I was really scared yesterday and I mentioned I am avoiding margin. I was hoping there will be some buying but when it failed I realize market is on extreme pessimism.
On monthly chart of SPX we retraced to about 38 %, SO here is logical point to move up.

Right now we are in process of testing 1287 area on SPX again IMOP.

I am very much interested what board think about it.


TIA.

Farooq