$QQQ sees GO trend re-emerge

$QQQ sees GO trend re-emerge

8

April 2021

By

Alex Cole

The technical environment has changed for the $QQQ.

A few sessions ago the GoNoGo Trend indicator flagged a new “Go” signal after having experienced a NoGo correction over the past two months.  The GoNoGo Oscillator was unable to stay below zero and burst into positive territory indicating that there was renewed bullish momentum and that was confirmed by the GoNoGo Trend Indicator painting the first Go color, aqua.  Now, the trend is a Go, and painting the strongest blue, but approaching resistance from prior high.  If price falls away from these levels, we will look to see if the GoNoGo Oscillator can find support at the zero line.