QQQ is near a critical support level. A close below 56.15 would get me out of the market in my trading accounts. The QQQ closed Thursday at 56.78. Click on weekly chart to enlarge.
2 thoughts on “QQQ short term up-trend reaches 23rd day, on support.”
Dr. Wish: The highly accepted IBD magazine writes abt the Market Pulse: “Uptrend under pressure†if it goes down that day, and next day “Market in uptrend†if market goes up. Anyone can see that in the market. Isn’t IBD just going with the flow… and not giving any explicit thought-out analysis as they purport to do?? who has an opinion?
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Going with the flow is what this business is all about.
The trick is to find which time frame you want flow with and stick with it.
Dr. Wish: The highly accepted IBD magazine writes abt the Market Pulse: “Uptrend under pressure†if it goes down that day, and next day “Market in uptrend†if market goes up. Anyone can see that in the market. Isn’t IBD just going with the flow… and not giving any explicit thought-out analysis as they purport to do?? who has an opinion?
Going with the flow is what this business is all about.
The trick is to find which time frame you want flow with and stick with it.