December 6, 2012

QQQ Hour chart analysis

 
  • QQQ Hour chart shows 200 Hour SMA giving support and 50 Hour SMA is acting as resistance for now.
  • Price trading above 50 Hour SMA and Hourly cloud should give a bigger up move.
  • For bears price need to break below 200 Hour SMA and hourly cloud.
  • APPLE - THE DEATH CROSS
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