APosner
Long

$QQQ rally intact now above resistance 06-05-2014

NASDAQ:QQQ   POWERSHARES QQQ TRUST
While the stochastic remains heavily overbought (which it can for extended periods of time) price broke through resistance to make new highs. the bearish hanging man formation was rejected and we have new highs. While price may retreat a bit from this level the channel higher is intact. Prices will continue north over the medium term.
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