S/R Flip Forming On The Daily Chart

Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)

NASDAQ:QQQ Invesco QQQ Trust, Series 1

trendanalysis chartpattern indicator qqq

Previous resistance has flipped to support over the last week as price finally closed above the range that has formed over the last 5 days. A close above the April 4th highs could trigger a larger and more aggressive move up to the $348.50 gap above.

Jake Wujastyk
Founder, JakeWuMarketResearch

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