QQQ is near resistance. A lot of indicators are converging around 107-108. Will QQQ break through?
The QQQ remains in a technically weak pattern with the 4wk<10wk<30wk averages. As long as the 30 week average (solid red line) is moving down we are in a potential Stage IV down-trend. This is no time to be long, except for addicted gamblers.
