I was quick to fire off the last few charts highlighting the gap backtests on AAPL & GOOG but, even with those two largest components accounting for over 20% of the performance of QQQ, I was remiss not to have included the chart of QQQ. As this 15-minute chart shows, QQQ is currently backtesting a minor uptrend line which the Q’s broke down below on Friday afternoon & are currently backtesting from below with the bottom of Wednesday’s large gap (resistance) just overhead.
QQQ 15-minute May 22nd