Stocks have rallied with strength since putting in a low in July.
And for one important index, we should know more about this rally in the coming days.
That index is the Nasdaq 100… and in particular, the Nasdaq 100 ETF (QQQ).
QQQ is nearing a test of its all-time highs (resistance). A break out to new highs would be bullish, while a failure here could lead to consolidation or a pullback.
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$QQQ Nasdaq 100 ETF Chart
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
