Clicky

QQQ Backtesting Former Support, Now Resistance

QQQ (Nasdaq 100 Tracking ETF) is making a run to backtest the recently broken 108.50ish former resistance, now support level. My expectation is for a reversal here followed by a move down to at least the 105 area within the next week. 60-minute chart:

QQQ 60-minute April 28th

QQQ 60-minute April 28th

0
Apr 28, 2016 11:10am|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: , |1 Comment

One Comment

  1. rsotc April 28, 2016 1:09 pm at 1:09 pm

    Right on “Q”…..

    0

Comments are closed.