Last night I showed the NDX which needs to break through the 1:1 Gann angle to go higher. This chart of the Powershares QQQ Trust (QQQQ) shows the same range but adds more detail.

Chart courtesy of Stockcharts.com
Notice the 1:1 angle is near $48. A break through this level that also breaks through the 2:1 ascending angle (blue) will put the QQQQ in position to move to $55.
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Tags: Gann Angle Fan · Powershares QQQ Trust (QQQQ)No Comments
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