December 9, 2012

QQQ Weekend update



  • Daily MACD is looking negative But price is able to sustain above 20 Day SMA. For bears daily close below 20 SMA could give a correction.
  • 50 and 200 Day SMA is acting as resistance levels.
  • Weekly candle managed to stay above 50 Week SMA. But if price starts to trade below 50 Week SMA it could result in  a bigger fall. Weakness below 64.25.
  • SPY WEEKEND UPDATE
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1 comment:

  1. ChipDecember 9, 2012 at 8:13 PM

    Great post, while everyone else out there is bearish with this fiscal cliff stuff, the guys from http://sentiment-trader.blogspot.com.au are saying that too many bears right now might mean the bus is getting full. They are dead on with their calls lately, and think the fiscal cliff is the elites trying to cover our eyes to the taxing and financial catastrophe that is being created.

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