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QQQ near top of channel.
Another up or flat day on Friday will change the QQQ short term trend to up. The QQQ is clearly rising in its channel.
QQQ remains in a channel.
The QQQ is right above support. I am cutting back my long positions and waiting to see if this support level holds. The lower daily 15.2 BB is at 104.13. A close below this level on Thursday would signify major weakness.
IBD says uptrend under pressure, but also that the put/call ratio was above 1 on Tuesday. Surprisingly, AMBA hit a new all-time high on Tuesday. It remains in a strong RWB up-trend and above its green line break-out. (I own some.) Maybe funds wanted to dress up their end of quarter portfolios with this winner.