A Daily Swing Trade

QQQQ: We mentioned that Monday and Tuesday's trading action could be of "strategic importance" because a break above the resistance of $43 or below the support of the ascending trendline would determine the QQQQ's short-term direction. Monday's close above $43 set the pace for a week of impressive gains. We expect the upward momentum to continue over the short term until the QQQQ moves below the newly formed support of $43...