QQQ broke downtrend and then broke out of weekly bear flag. Buyers defended the lows and forced price higher. Contrary to the popular narrative of just going straight up, I believe we see some sort of retracement next week. Fill the gap and backtest the bear flag breakout before we continue higher. We are currently in a beautiful channel up. We need to absorb the sellers from 324-326 before the fill the gap from the yield selloff. 318-316 Must be defended so it offers the best long R:R.
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