With the rising wedge pattern forming on QQQ, I think we see a retrace to the MAs and the previous resistance at 493 to fill the gap. We have seen a huge bounce and I think we'll see some profit taking up here near the highs. The RSI has also become overbought as well, so I expect a retrace in the next couple of months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.