Qs Headed To 41.05

The QQQQ is developing a small triangle that projects to 40.95 to 41.05, the March 08 low. That area may offer enough resistance to jumpstart a pullback. If it does not, expect another surge in the indexes, which may surprise many and send the Qs to 43.30, the July 08 low. Support is now at 38.97.