We will be watching QQQ Tuesday as the bulls attempt to make a higher high on the daily chart and close above $170.82. A support level to be watching is the recent consolidation of $166.88 as we have been trading in this range for over 10 days now.
Daily Chart:
On the weekly timeframe the bulls are still in control after breaking the equilibrium pattern bullish and going through healthy consolidation. The 4 and 8 period exponential moving averages as well as the middle Bollinger band are current support.
