May 15, 2012

QQQ Chart Analysis

  • QQQ Daily chart shows price near 100 Day SMA.
  • Hour chart shows resistance near 50 Hour SMA and between 64.86 - 65.07
  • Possible falling wedge of Hour chart may help bulls of QQQ if price able to stay above 50 Hour SMA.
  • For bears of QQQ close below 100 Day SMA will extend the correction of daily chart.

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