Right On “Q”

So far, a near-perfect failure at resistance on QQQ so far with a failure at the 131.60 resistance level, with the Q's printing both a 15 & 30-minute close at 131.63 before reversing. Will it make another run to take out the 131.60ish resistance or will yesterday's breakout prove to be a fake-out (bull trap). Still anyone's game for now though as neither the bulls nor the bears should get too excited until/unless QQQ clearly moves above the 132.45-132.60ish resistance zone or falls below the 129.40 key support level. Yesterday's & today's updated 30 & 15-minute charts:

Apr 18, 2017 11:12am|Categories: Equity Market Analysis|Tags: , |0 Comments

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