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NASDAQ Continues to Rally to Cup & Handle Price Target

Written By: ChartChamp

July 10, 2024

In 2023 I drew a cup and handle pattern for QQQ with a price target of $568.97. QQQ has made significant progress in 2023 and so far in 2024. We are seeing some textbook technical analysis price action playing out here. The cup and handle pattern has played out perfectly, and QQQ has a key yellow resistance line to monitor on the way up. I think we $569 could be the peak of this stock market rally before we see a significant correction. My target date is September around the time where the Fed starts to cut rates.

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