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Nasdaq Breakout?

Please click here for a chart ofInvesco QQQ Trust Series 1(NASDAQ:QQQ).

Note the following:

• The chart shows QQQ is in the resistance zone.
• The chart shows that QQQ moved up on giantTesla Inc(NASDAQ:TSLA) earnings. Please see yesterday's Morning Capsule for details on Tesla earnings. After earnings, Tesla added a giant gain of $150B to its market capitalization.
• Bulls are hoping that giant Tesla earnings combined with a potential short squeeze today will cause QQQ to breakout above the resistance zone.
• Prudent...