August 18, 2011

QQQ Trend update

  • QQQ Hour chart is favoring bears after the gap down below 50 Hour moving average.
  • If day low 50.72 gets tested again then we may see another Dip in favor of bears.
  • Bulls may try to fade the GAP but they have the difficult job of breaking above the cloud.
  • CRUDE OIL NEGATIVE DIVERGENCE
  • AAPL TREND UPDATE

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