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QQQ Forms A 15 Min Ascending Triangle That May Help Send Techs Higher
With the techs rising after Apple's magnificent earnings, it looks like the techs might continue to move up. Provided the QQQ can break above the 15 min ascending triangle.
The above is the 15 min chart of QQQ.
A possible 15 min ascending triangle might be forming and a breakout might help to send tech stocks higher for 1-2 days. The area to watchout will be the lows of the ascending triangle. If QQQ breaks below it, then some correction might happen.
The 60 min chart above of QQQ shows that it is still in a 60 min uptrend. It broke above a 60 min ascending triangle and thus the techs moved up. Short term resistance is the former highs.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
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