January 12, 2012

QQQ Trend update


 
  • QQQ Weekly chart is closing in on a possible resistance line
  • First signs of weakness near resistance line will be visible in Hourly chart. Price is yet to show such weakness in hourly chart.
  • Up trend in hourly chart will be safe above 50 Hour SMA and the Hourly cloud.

1 comment:

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    ReplyDelete

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