QQQ Throwback to Ascending Wedge/Channel

136 0 0
Was reviewing QQQ/drawing trendlines and noticed this.... QQQ             broke down throught ascending wedge/channel on 4APR and today 5JUN broke up through it. Usually when that happens it hangs there for a day/two then reverses back to the original trend (i.e. down). Fully expect QQQ             to move back DOWN through channel in next couple of days (NFP report tomorrow, FWIW).
20JUN14: QQQ             continues to "rest" on this trendline after throwback...but expect it to break down through it anytime now (today or Mon?) similar for SPY             and R2K ( IWM             ). IMO             , short is far & away best risk/reward scenario right now.
12AUG14: QQQ             broke down through trendline on 7/30 or 7/31 (your preference) and now kissing underneath of trendline ....would expect it to fall away (down) relatively soon
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out