QQQ Sell Signals Triggered

QQQ has now joined the rest of the major US stock indices by breaking below its up-trendline support/bearish rising wedge pattern. Also note the recent 13/33 ema bearish cross (green/red histogram at bottom of the chart) which helps define the near & intermediate-term trend.

It is also worth noting that QQQ, along with SPY & IWM, has now fallen below the 9-day ema, which as schooner recently pointed out in the trading room, has acted as support on both QQQ & SPY since early October.

QQQ 60 min Nov 9th

QQQ 60 min Nov 9th

2017-03-08T21:20:10+00:00 Nov 9, 2015 11:16am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , , |Comments Off on QQQ Sell Signals Triggered