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	Comments on: QQQ Technical Analysis and Outlook (video)	</title>
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	<link>https://rightsideofthechart.com/qqq-technical-analysis-and-outlook-video/</link>
	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/qqq-technical-analysis-and-outlook-video/#comment-3223</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 21 Feb 2017 17:59:01 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/qqq-technical-analysis-and-outlook-video/#comment-3221&quot;&gt;Gonewiththewind&lt;/a&gt;.

Good to hear they didn&#039;t run your stops, at least not yet (and hopefully they won&#039;t). Here&#039;s a 60-minute chart of NQ. A break below the bearish rising wedge with divergences below will likely bring NQ down to either or both of these horizontal support levels (5239 &amp; 5169). Unfortunately, with NQ pushing to new highs, there aren&#039;t any overhead resistance levels to identify other than maybe some Fibonacci projections or similar measured projections. Best of luck on the trade!

&lt;!-- copy and paste. Modify height and width if desired. --&gt; &lt;a href=&quot;https://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/d6167bbf-bc12-4dfd-b411-11489db916bf/NQ%2060-min%20Feb%2021st.png&quot; rel=&quot;nofollow&quot;&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;https://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/d6167bbf-bc12-4dfd-b411-11489db916bf/NQ%2060-min%20Feb%2021st.png&quot; width=&quot;850&quot; height=&quot;560&quot; border=&quot;0&quot; /&gt;&lt;/a&gt;]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/qqq-technical-analysis-and-outlook-video/#comment-3221">Gonewiththewind</a>.</p>
<p>Good to hear they didn&#8217;t run your stops, at least not yet (and hopefully they won&#8217;t). Here&#8217;s a 60-minute chart of NQ. A break below the bearish rising wedge with divergences below will likely bring NQ down to either or both of these horizontal support levels (5239 &#038; 5169). Unfortunately, with NQ pushing to new highs, there aren&#8217;t any overhead resistance levels to identify other than maybe some Fibonacci projections or similar measured projections. Best of luck on the trade!</p>
<p><!-- copy and paste. Modify height and width if desired. --> <a href="https://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/d6167bbf-bc12-4dfd-b411-11489db916bf/NQ%2060-min%20Feb%2021st.png" rel="nofollow"><img class="embeddedObject" src="https://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/d6167bbf-bc12-4dfd-b411-11489db916bf/NQ%2060-min%20Feb%2021st.png" width="850" height="560" border="0" /></a></p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/qqq-technical-analysis-and-outlook-video/#comment-3222</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 21 Feb 2017 17:47:11 +0000</pubDate>
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					<description><![CDATA[This 15-minute chart of QQQ shows the key near-term support levels to watch: 130, yellow &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An uptrend occurs when a security or index is making a series of higher highs &#038; higher lows.&#039;&gt;uptrend&lt;/abbr&gt; line, 129.63, 128.95, 127.75 &amp; a very likely key support level which is likely to produce a decent &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt;, 125.87:

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			<content:encoded><![CDATA[<p>This 15-minute chart of QQQ shows the key near-term support levels to watch: 130, yellow <abbr class='c2c-text-hover' title='An uptrend occurs when a security or index is making a series of higher highs &amp; higher lows.'>uptrend</abbr> line, 129.63, 128.95, 127.75 &#038; a very likely key support level which is likely to produce a decent <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr>, 125.87:</p>
<p><!-- copy and paste. Modify height and width if desired. --> <a href="https://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/34fa3436-86cf-4f38-815a-14a3e6330aaf/QQQ%2015-minute%20Feb%2021st.png" rel="nofollow"><img class="embeddedObject" src="https://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/34fa3436-86cf-4f38-815a-14a3e6330aaf/QQQ%2015-minute%20Feb%2021st.png" width="850" height="616" border="0" /></a></p>
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		<title>
		By: Gonewiththewind		</title>
		<link>https://rightsideofthechart.com/qqq-technical-analysis-and-outlook-video/#comment-3221</link>

		<dc:creator><![CDATA[Gonewiththewind]]></dc:creator>
		<pubDate>Tue, 21 Feb 2017 17:25:46 +0000</pubDate>
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					<description><![CDATA[In /NQ from 5311, with at stop at 5355.  Fortunately for me didn&#039;t get clipped out but it got too close for comfort.]]></description>
			<content:encoded><![CDATA[<p>In /NQ from 5311, with at stop at 5355.  Fortunately for me didn&#8217;t get clipped out but it got too close for comfort.</p>
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