The intraday pattern in the Nasdaq 100 Trust Shares (QQQQ) argues for another pop to the upside into new recovery highs near 45.20 prior to the completion of the upmove off of this morning’s pivot low at 44.43 – as well as the conclusion of the larger upleg off of "The Bernanke Low" at 43.59 from February 12.





Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.