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.

No comments:

Post a Comment