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Large Cap Tech Stocks Leadership Continues To Send Bullish Message

Courtesy of Chris Kimble

The stock market crash was a scary event and the future still holds plenty of uncertainty.

But today’s chart provides some hope.

The Nasdaq 100 ETF (QQQ) represents large-cap tech stocks, an area that has been a leader of the bull market run off the 2009 lows.

As you can see, the QQQ’s have been in a 10-year rising channel marked by each (1). And there hasn’t been a close above or below the channel.

The stock crash last month saw the QQQ’s test the 10-year rising support as well as the 161.8 Fibonacci extension level at (2). And that support held!

Leadership in the large-cap tech space continues to send a bullish message to longer-term investors. Stay tuned!

This article was first written for See It Markets.com. To see the original post CLICK HERE.

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