$QQQ is displaying steady bullish momentum on the 4-hour timeframe, making a strong recovery after sweeping liquidity near the $710 region. Price action is forming higher lows as buyers slowly push back toward the recent swing high at $729.10. If the bullish structure holds firm above local support at $720.00, a breakout toward higher price levels is expected.

Target 1: $729.10

Target 2: $735.00

Target 3: $742.00

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