$QQQ is back in the bull flag again after a strong start to the week.
This was certainly needed as the bulls do not want to be sitting on the 200 Day MA this week as important earnings reports get released, it is too close for comfort.
This chart has not changed and we spoke yesterday about how important this confluence level is at the 0.38 Fib and the 200 Day MA, as long as the price stays above this level....Wave 5 next is the likely direction.