$ProShares UltraPro QQQ(TQQQ)$

$ProShares UltraPro QQQ(TQQQ)$ Nasdaq futures are setting up nicely. The move from a -12% correction to less than -5% below the all-time high stands out. The MACD just flashed a bullish crossover, and RSI is back above 50, sitting around 55.

It looks ready to cross the 50-day moving average as well. It is already trading above the 20, 100, and 200 MAs. For the first time in seven weeks, it is also breaking through that downtrend line.

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