- Google daily shows price testing the upper end of the range.
- One hour is sitting at the cloud. Bears need price to break and close below the hourly cloud for a possible Down swing to start.
- Price for now is staying below 50 period SMA. Bears should keep price below this line to build bearish momentum.
QQQ Weekend update
October 22, 2017
- QQQ Daily chart shows price nearing crucial resistance line.
- Weekly Chart shows a potential Bearish Doji. This one needs confirmation though. Price should open lower and close lower and it should not Move above the Current Doji for the candle to be most effective.
- Weekly chart also shows Big negative Divergence. But it also shows MACD Lines close to a bullish crossover which could be a Fake setup as well.
- ES ANALYSIS AFTER CLOSING BELL