February 5, 2012

QQQ Weekend update

  • Month closed above the resistance line. February month candle is holding above the high of last month candle which will help bulls to extend the up move.
  • 2nd chart shows the possible target for the range breakout if price holds above last month's high price.
  • 3rd chart shows price closing above 10 day EMA and sustaining above this level till now. Weakness only if price falls below this level.
  • SPY WEEKEND UPDATE

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