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QQQ Analysis & Outlook (video)

A relatively quick (12 minute) video overview covering the near-term & intermediate-term outlook for QQQ (Nasdaq 100 Tracking ETF) including some key support & resistance levels & other technical developments to watch for.

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May 3, 2016 9:27pm|Categories: Equity Market Analysis|Tags: , |4 Comments

4 Comments

  1. pangblood May 3, 2016 11:46 pm at 11:46 pm

    Great analysis as usual, wish I paid more attention to Q’s instead of IWM in terms of market directionality. I guess an objective short would be any tag of the upper downtrend line

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    • Omdavis21 May 4, 2016 8:55 am at 8:55 am

      I would think a break of Fridays lows would also be good. If not already short.

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      • rsotc May 4, 2016 9:52 am at 9:52 am

        Agreed but might be prudent to wait for a 15, 30 or even 60-minute close below. The longer the period of candlestick you wait for confirmation the lower the chance of shorting into a whipsaw signal but the more unfavorable the entry price will likely prove to be. FWIW, I wouldn’t be adding anything right now. I’d like to see how the market handles Friday’s lows first. G-luck!

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        • Omdavis21 May 4, 2016 10:57 am at 10:57 am

          Thanks for the input. I agree completely. Thanks for sharing your knowledge I have learned a lot the last little bit!

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