Q's at Optimal Target Zone
The Q's (Nasdaq: QQQQ) have entered my optimal target zone of 46.70-47.05 for the current advance off of Tuesday's low at 45.66, which if accurate should conclude the larger upleg off of the 3/29 pivot low at 43.10 and usher in a correction that retests the 45.50 breakout (now support) area. With some luck (can we call it skill?), we will be able to exit our current model portfolio long position at 46.93 in the upcoming hours and stand aside for some sort of pullback.