$QQQ update..... closed 722 today. down 1%. right at the level I called the rejection at 2 weeks ago. the chain so far cuz past matter: 723 bounce. hit 723 rejection. hit 688 next leg down. tagged 686 hours later 8% rally to new highs from 688. tagged 745 july 10 to early august weakness window. opening now QQQ now in normal consolidation after the 8% rip. came back to 722 today - exactly where it got rejected before. resistance becomes support now. two ways forward: holds 720 and bounces with conviction - bull run keeps going, base building before the next leg. loses 720 with volume - heading to 690 to retest the breakout. that's where we buy too much...
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