Nasdaq 100 Index Tracking ETF

QQQ 60-minute Update

The primary scenario posted yesterday has been eliminated bringing my alternative scenario into play, a reversal around the 141 resistance level into play (2nd chart). I've also added another potential resistance level at 140.27, a level defined by numerous reactions in recent months, which was not shown on the previous 60-min chart posted yesterday (1st [...]

Jul 12, 2017 12:13pm|Categories: Equity Market Analysis|Tags: , |2 Comments

3 Perspectives on QQQ

The following 60-minute charts on QQQ (Nasdaq 100 Tracking ETF) highlight three different perspectives; 2 bearish & 1 bullish. This first series of 60-minute charts goes back to May, just before QQQ peaked & started the current downtrend with a bang following the trendline break, along with concurrent breakdowns in all of the market leading [...]

Jul 3, 2017 10:55am|Categories: Equity Market Analysis|Tags: , |2 Comments