October 26, 2017

QQQ Hour and Weekly chart analysis

  • QQQ Weekly chart shows weakness. For now price is bearishly engulfing last 2 weekly candles. Bears need a lower close at the current levels to confirm the engulfing pattern.
  • Hour chart too are staying close to crucial resistance levels. Bears need to keep price below hourly cloud to keep the negative set up intact.
  • ES Analysis before opening bell

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