The Invesco QQQ ETF (QQQ), which tracks the Nasdaq-100 Index, recently tested a key level of resistance. I spent a lot of time covering it in Daily Profits Live yesterday.

In today’s video, I go over a scenario of how it could break higher.

Plus, there’s a chart setup with a nice squeeze that I’m looking to trade on.

Click the image below to see how I’m playing it.

YOUR ACTION PLAN

Google’s parent company, Alphabet (Nasdaq: GOOGL), posted solid earnings a couple of weeks back – and as you’ll see below, the stock is forming a really nice bull flag. I’d like to buy the September 15 $130 calls on a pullback to around $129.50, the point of control. My stop will be a close under $126, and I’ll set profit targets near $135.

(Click to enlarge)

If you like this trade idea above and want to hear more, here’s something you might like…

My chart analysis system has always focused on radical simplicity. Earlier this month, I launched my latest service, Profit Surge Trader, where I trade just ONE TICKER per month with the goal of maximizing gains.

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P.S. Are there any specific stocks you want me to cover with my TPS system? Send me a ticker symbol at feedback@monumenttradersalliance.com, and I’ll let you know my thoughts.

TESTIMONIAL TUESDAY

“Just closed my last AI DPL trade–in $1.15–out$2.50—–115.57% gain [in less than one trading day] thank u Nate.”
– Sneha

“In [TWLO] at $2.51 out at $3.60 43% in 6 minutes Thx BB”
– Buckeye-in-GA