NASDAQ:QQQ   POWERSHARES QQQ TRUST, SERIES 1
134 0 3
Ok, so just like previously posted SPY             H&S possibility, here's QQQ             possible H&S setup (they're pretty much identical for all practical purposes). H&S wouldn't be confirmed until QQQ             drops to around 83.5-84ish area to form neckline, then move back up to form a right shoulder (possibly 88-89 area (?), then breaking down back through neckline. Time will tell!
NOTE (30MAR14): NAZ             seems to be breaking down from a well-defined head towards possible neckline (around 83.75ish or so) per chart above. While this LOOKS to be a H&S pattern in the making, nothing will be confirmed until we hit the neckline, form a right shoulder and then break down through the neckline, as markets can change on a dime...must remain humble and open to any possibility.
NOTE (6MAY14): So it LOOKS like top of right shoulder has formed (24APR) and we're inexorably moving downwards....however any H&S not confirmed until a break below the neckline vicinity 83-84ish....so just a waiting game, but definitely not a great place to be long as there's continued distribution and any rally is on weak volume and soon met w/volume selling. Remain short here.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out