48 percent believe in a 1 percent rise? That could certainly happen but we are in a selling area so I’m surprised people would predict up.
$QQQ going to need a fairly strong catalyst to get over 735, 740, then 744 (ATH). While even a weak catalyst on the bearish side could lead to a large drop with weak support underneath. Yes, we have a bull flag pattern but those are very close to big rising wedges, not to mention double and triple tops. Short term candles show a tight rectangle from last week sideways action, a rectangle pattern isn’t bearish or bullish but it is supposed to tell us that a large breakout in one or the other direction is imminent. But I think the resistance is much stronger than the support.
Bearish