Your opinion could be true if QQQ breaks above the upper downtrend line later in the day or could be a bull trap
If breakout above the upper downtrend line follows by breaking above the 50-day SMA, we know is resumption of the uptrend (last wave-wave 5, of the Primary degree impulse 12345 - beware, what follow the completion of this wave 5 is DOWN big).9:00 am CSTā¦ now or neverā¦
9:06 am CSTā¦ promisingā¦