Stocks staged a very strong rebound brushing aside a flight to safer assets. Invesco’s Nasdaq 100 ETF (QQQ) signals a more bullish move may be on the way. The chart below uses the GoNoGo Trend indicator on QQQ. The point of this indicator is to coalesce the impact of signals from Moving Averages, Bollinger Band® studies, Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), along with support and resistance levels. The chart shows a new “GO” signal, confirming what prices seem to imply: a new upward trend may be about to start.