Walking the Line – QQQQ

With the current plunging of the Nasdaq, I decided to look at the Nasdaq 100 Trust (QQQQ), a stock that monitors the largest non-financial stocks in the Nasdaq. For a while now it has seemed like the tech sector was basically bullet-proof , but things might be turning the corner. In the chart below, you can see that QQQQ has come back to a support it had created back in July. We should see if this support will hold and buyers will come on in, which should hopefully spike the price back up.