More Room to Run?
From the depths of Feburary (152.50) until mid-March QQQ adavanced 14.89% only to find that nearly the entire move was negated.
Since April QQQ has been attempting to reclaim the high for this year, and for whatever reason it happened the 173-175.21 area was the trigger point for the bigger sellers who caused the decline
The Bull Side
175.21 gets taken out and the rally continues with a new assumption of 180, 185 etc (possibly in 2% increases until the next fibonacci extension)
The Bear Side
A late January or March style decline happens again and the bears drive price down to the upper channel of the gap at 149.09 and 148.
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