NASDAQ:QQQ   POWERSHARES QQQ TRUST
13 0 0
Like many of the other US indicies, the $QQQ or $NQ_F is showing a lot of divergence. I have noted that many of the single names as well as the momentum sectors are breaking down and under pressure which should bring down the entire index .

If the wedge provides support for the week, we should see 108 hold. If the wedge breaks and we see some speed, I see a good amount of confluence occurring around the mid-low 105s.
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