The QQQ continues to demonstrate exceptional long-term strength, recently breaking out to new all-time highs above the previous trading range. Price remains well above the rising 20-week Chandelier Exit and the long-term trend line, confirming that the primary trend is firmly bullish. The PMO has turned higher and crossed above its signal line after a healthy pullback, indicating that momentum is reaccelerating in favor of the bulls.

While the rally has become extended in the short term and could be due for periodic consolidation, the combination of higher highs, higher lows, a rising Chandelier Exit, and a strengthening PMO suggests the path of least resistance remains higher. As long as QQQ continues to hold above its rising support levels, the chart supports a bullish outlook for technology and growth stocks.

Wishing you the best,

Wendy

P.S.—If you want me to just shoot you a text or an email when I spot a trade like this, you are going to want to take a look at this.