"Bear Pennant formation" by trader hamidesnaa — published May 16, 2014 — TradingView

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POWERSHARES QQQ TRUST, SERIES 1 (NASDAQ:QQQ)

NASDAQ:QQQ POWERSHARES QQQ TRUST, SERIES 1

QQQ

qqq

Bear pennant formation in daily chart .
The price is now support by 20 SMA ( Not a big support) and also the trend line .
If QQQ close under the trend line , then I will be bearish , and will go short.

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