QQQ Is Still Positioned In Ascending ChannelInvesco QQQ Trust Series IBATS:QQQBlaisefxacademyThe Invesco QQQ Trust is experiencing a sell off driven by U.S. inflation data (CPI report), rising Treasury yields, and broad weakness across tech and semiconductor stocks. The ETF experienced a heavy net outflow of $4.18 billion mid-week. Technical outlook: QQQ is on a short term bearish motion. The ETF has been trading downward for a couple of days now, in concern to the framework. Price is approaching a significant trend support level, as there is plain possibility of long retracement. Key outline: A clear pullback above the support line, activates a buy position eyeing $757, as next potential bullish. Thanks for reading.