January 28, 2012

QQQ Weekend update

  • QQQ Violates the Resistance line which was expected to give a correction in favor of bears.
  • There is no Big volume increase during breakout. But It's a similar kind of breakout as the last one which is explained in the last chart.
  • Month chart shows the January candle breaking the resistance line. January if closes above the resistance line we may see bulls extending the current up move with smaller corrections.


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