- Price closed the week below 5 Week high EMA which is bearish.
- Week chart shows support resistance zone between 9950 - 10000.
- Moving averages shows 50 and 200 SMA close together which will be tough to break. 50 Week sma near 10050 is also an important support level.
- Multiple support levels if not held corrections will be large.
- QQQ 30 Minutes chart shows a triangle like contracting pattern.
- Breakout on the upside will help bulls to continue the trend
- Breaking the support line may take price towards Ichimoku cloud.
