nmike

QQQ LONG TERM OUTLOOK

NASDAQ:QQQ   POWERSHARES QQQ TRUST
268 2 14
The 3 month cycle finished with a doji candle outside the BB(34) and at overbought conditions, signaling that the buying pressure was starting to diminish. The next complete 3 month cycle could finish as a bearish evening doji star pattern similar to the one at 55.07 pivot. If that happens it could mean a deeper correction and or a major top for QQQ             . Currently price is finding support at the 5ma and at trend line S1.
2use
2 years ago
I guess addding to all other chartists predictions it does look like a top
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nmike MOD
2 years ago
...a nice run up to date since that cautious doji , price did not trade below doji and held support S1
snapshot
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