ETF SWING & DAY TRADING

[Torqputty]

Market view Q's & SMH

QQQQ
a lower trendline has formed on the Q's daily chart and most of todays candle is above mid-bolingers. If we break that line the next numbers are 40.97 with final support 40.10/.30, upside target $42.

SMH is at support, next downside numbers are 36.75 and 36.40 for H/S confirmation

here is my call;
range bound trading is the prevailing method until proven otherwise.
i'm not that worried if Q's break todays trendline, it is the 40.10 that is true support.