🔎📈 $QQQ #NASDAQ $NAS100 making it's move higher. We previously saw price react from a descending trend line but as i posted in the Telegram channel on July 5th that the move lower off the trend line would not last and therefore continue higher.
🔎 Price is now making it's way higher and slowly breaking through the descending trend line. This is signalling to us that a move higher is underway.
🔎With the expected move higher option trades like the one below could work out very well. QQQ Sep16'22 300 Call currently going for $11.09.
🎩 Let's watch how this one plays out!