Nasdaq - Converging Points of Interest

Mega-caps sitting back at important levels of interest

Presented below is a weekly chart of the QQQ 0.00%↑ , showing the 200 week moving average (blue), and an upward sloping trend line from the lows of the Great Financial Crisis. This trend line was breached during 2020 Covid, only to touch the 200 week and start an epic bounce. We’re back at this point of interest now with all three levels converging. Will it be different this time?