December 4, 2012

QQQ Support and Resistance levels

 

  • Crucial support for bulls on closing basis is the 200 Day sma.
  • Crucial resistance level is the 50 Day SMA. Violating these levels on closing basis may give a bigger up move. For bulls the daily cloud and golden ratio too may act as resistance if the up move continues. For a bigger rally bulls must do a cloud breakout.
  • ES SUPPORT AND RESISTANCE LEVELS
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