1. Neutral - correction within a midterm bull market
2. Resistance: 321, 326 first
3. Support: 310, 303, 295
4. Gap not filled: All Yellow Zones
5. QQQ has a lot of gaps not filled above and below. Now it is out of the yellow uptrend tunnel, which moves into a correction and consolidation. I expect a potential ABC correction with 300/295 as support. 300 can be a critical point of Wave 4 for QQQ Weekly 12345 uptrend wave. If QQQ fails to hold above 300, I would be very active to buy QQQ leap by the pink line with yellow support. For the next week, QQQ bounce can only be a consolidation process instead of a new uptrend, so either DT/Swing QQQ or slowly buying the dips for shares work for me.
2. Resistance: 321, 326 first
3. Support: 310, 303, 295
4. Gap not filled: All Yellow Zones
5. QQQ has a lot of gaps not filled above and below. Now it is out of the yellow uptrend tunnel, which moves into a correction and consolidation. I expect a potential ABC correction with 300/295 as support. 300 can be a critical point of Wave 4 for QQQ Weekly 12345 uptrend wave. If QQQ fails to hold above 300, I would be very active to buy QQQ leap by the pink line with yellow support. For the next week, QQQ bounce can only be a consolidation process instead of a new uptrend, so either DT/Swing QQQ or slowly buying the dips for shares work for me.