Invesco QQQ Trust, Series 1
Viés de alta

Two weeks of bullish momentum ahead?

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I entered a long position in the QQQ ETF a few days ago after the price pulled back to the previous high. It was a slightly premature entry, as the price continued to pull back to the 50% retracement level of the last bullish move. 😉

The overall chart looks a bit exhausted from the bullish run following the August low, but I still expect the NASDAQ to rise until the US election. Statistically, since the 1950s, there has been over an 80% chance that the stock index rises before the election.

Additionally, we're supported by the SMAs, and there’s still some room left until the ATH is reached.

Good trades, folks!

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