June 16, 2013

QQQ Weekend update

  • QQQ Weekly chart shows weakness as price falls back into the weekly channel.
  • For next week 20 week SMA could get tested if price falls below 71.47
  • Crucial support in daily chart is 50 Day SMA whcih must be broken for a bigger fall to start. Bulls need to break above the resistance line shown in last chart to avoid correction for now.
  • S&P 500 WEEKEND UPDATE
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