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QQQ Downside Target & Scenario

The 100 area remains my preferred swing target on QQQ (Nasdaq 100 tracking etf) although the previous highlighted uptrend line has now crossed above that horizontal support level & will likely act as support on the initial tag from above. A break below this secondary minor uptrend line (thin yellow) will trigger the next sell signal in the Q's.

QQQ daily April 30th

QQQ daily April 30th

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Apr 30, 2015 10:37am|Categories: Equity Market Analysis|Tags: , |Comments Off on QQQ Downside Target & Scenario