January 5, 2013

QQQ Weekend update

  • QQQ Daily chart is pausing at the golden ratio.
  • GAP in daily chart and 200 Day SMA will act as support in the short term.
  • Price closing above 20 Week SMA is also good sign for bulls. Sustaining above this level may lead to bigger gains.
  • Bears must hope for a close below 200 SMA for bigger falls to happen.

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