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	Comments on: QQQ At Resistance, Reversal Likely	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		<title>
		By: schooner		</title>
		<link>https://rightsideofthechart.com/qqq-at-resistance-reversal-likely/#comment-1534</link>

		<dc:creator><![CDATA[schooner]]></dc:creator>
		<pubDate>Tue, 10 May 2016 18:18:04 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=171349#comment-1534</guid>

					<description><![CDATA[Yes, I am referring to a golden cross of the 50 SMA crossing up through the 200 SMA. I realize now that the cross actually occurred yesterday but I just saw it today because it was sort of hidden on my chart.]]></description>
			<content:encoded><![CDATA[<p>Yes, I am referring to a golden cross of the 50 SMA crossing up through the 200 SMA. I realize now that the cross actually occurred yesterday but I just saw it today because it was sort of hidden on my chart.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/qqq-at-resistance-reversal-likely/#comment-1533</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 10 May 2016 18:12:08 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/qqq-at-resistance-reversal-likely/#comment-1528&quot;&gt;schooner&lt;/a&gt;.

Are you referring the a 50/200 golden cross on the daily? Wasn&#039;t sure as I run the 50 &#038; 200 emas vs. smas on my daily chart. That other chart I posted above was a 60-minute, in which you can see a 130-period &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. This type of moving average reacts faster to recent price changes than a simple moving average. (source: investopedia.com)&#039;&gt;ema&lt;/abbr&gt; up on the top with the indicators although you can&#039;t make out the line on the chart since I had the brightness muted down quite a bit.
The 120-ema does a pretty decent job of defining trends on the 60-minute chart, as you can see it has recently. Also note that QQQ is now testing it from below (resistance). It is also worth noting that the Q&#039;s are also testing the key 200-day ema from below as well, another simple &#038; fairly effective stand-alone ema that does a pretty decent job of defining trends on the daily frame, especially with the QQQ &#038; many of it&#039;s top components.

&lt;!-- copy and paste. Modify height and width if desired. --&gt; &lt;a href=&quot;http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/83c79fb4-45dc-41fb-9980-d89088610118/QQQ%2060-minute%202%20May%2010th.png&quot; rel=&quot;nofollow&quot;&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/83c79fb4-45dc-41fb-9980-d89088610118/QQQ%2060-minute%202%20May%2010th.png&quot; width=&quot;850&quot; height=&quot;339&quot;/&gt;&lt;/a&gt;]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/qqq-at-resistance-reversal-likely/#comment-1528">schooner</a>.</p>
<p>Are you referring the a 50/200 golden cross on the daily? Wasn&#8217;t sure as I run the 50 &amp; 200 emas vs. smas on my daily chart. That other chart I posted above was a 60-minute, in which you can see a 130-period <abbr class='c2c-text-hover' title='An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. This type of moving average reacts faster to recent price changes than a simple moving average. (source: investopedia.com)'>ema</abbr> up on the top with the indicators although you can&#8217;t make out the line on the chart since I had the brightness muted down quite a bit.<br />
The 120-ema does a pretty decent job of defining trends on the 60-minute chart, as you can see it has recently. Also note that QQQ is now testing it from below (resistance). It is also worth noting that the Q&#8217;s are also testing the key 200-day ema from below as well, another simple &amp; fairly effective stand-alone ema that does a pretty decent job of defining trends on the daily frame, especially with the QQQ &amp; many of it&#8217;s top components.</p>
<p><!-- copy and paste. Modify height and width if desired. --> <a href="http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/83c79fb4-45dc-41fb-9980-d89088610118/QQQ%2060-minute%202%20May%2010th.png" rel="nofollow"><img class="embeddedObject" src="http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/83c79fb4-45dc-41fb-9980-d89088610118/QQQ%2060-minute%202%20May%2010th.png" width="850" height="339"/></a></p>
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		<item>
		<title>
		By: schooner		</title>
		<link>https://rightsideofthechart.com/qqq-at-resistance-reversal-likely/#comment-1528</link>

		<dc:creator><![CDATA[schooner]]></dc:creator>
		<pubDate>Tue, 10 May 2016 16:33:26 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=171349#comment-1528</guid>

					<description><![CDATA[The 50MA has crossed up through the 200 MA]]></description>
			<content:encoded><![CDATA[<p>The 50MA has crossed up through the 200 MA</p>
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