March 4, 2013

QQQ Bearish patterns

 

 
  • QQQ Daily chart shows  a broadening pattern. Bears need a close below 100 Day SMA for a bigger fall to start.
  • GAP in daily chart is yet to fade completely which may attract price towards it.
  • Weekly chart shows a possible head and shoulders pattern. Weekly chart will turn bearish only on trading below 65.85 level.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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