Rashad

Basic Technical View of Nasdaq 100

NASDAQ:QQQ   POWERSHARES QQQ TRUST, SERIES 1
Beyond 2 exponential Standard deviations, and oversold. The current candle is a bullish spinning top . Based on this basic technical view it seems that sellers are finding a growing number of dip buyers. When Contagion from global markets move aside, this should make a nice rebound. But at the current time, I will not say to go long or short as fear is a powerful and difficult to predict emotion.
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