christopherbrecher

QQQ sitting on an important trendline...Again.

NASDAQ:QQQ   POWERSHARES QQQ TRUST, SERIES 1
117 1 3
How the QQQ             handles the oversold condition, will decide if the upward trendline can finally be broken.
If you connect the trendline using the "lowest highs" of each correction - then you will see that this correction has already broken the trendline cleanly some time ago.

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