Blind_Zebra
Short

QQQ - Potential Short Term Pullback

NASDAQ:QQQ   POWERSHARES QQQ TRUST
17 0 0
With the close of the day on Friday (3/21/14) being a strong bearish engulfing candle and a Head & Shoulder pattern being recognized I believe we could see a pullback to around $86.45 area. This move is based off of the neckline being around $89 and the top of the head being around $91.20 (difference of $2.20). If this move plays out like a traditional H & S pattern suggests, with a short entry around $88.65 we could see move down to around $86.45. If this doesn't play out we have a stop around the 50% retracement of the large bearish candle on Friday.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out