Max Target On The NASDAQ 100 ETF (QQQ)

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) has bounced 12.5% off early February lows. As it continues higher, there are some major technical resistance points to watch.


The first key level approaching is the daily 200 moving average. The second, just above the first is a major trend line that connects recent pivots. These two major levels are $107.85 and $106.60. Anywhere between these two lines, the NASDAQ 100 should have a pullback, most likely major in size.


Get alerted to new positions taken by Nick and Gareth live in the Research Center. Click here to enter FOR FREE!


– – –

Gareth Soloway

Chief Market Strategist

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: