The PowerShares QQQ Trust (NASDAQ: QQQQ) have violated important very near-term point and figure support at 32.60/50 this past hour, which has triggered some downside follow-through to an intraday low at 32.33, perhaps on the way towards a test of more important support along the Mar-Apr trendline, now at 32.00. A sustained break below 32.00 will be cause for concern for the bulls near-term.
The Mid-Day Minute
Q's Break Important Near-Term Support
Wed, Apr 15 2009, 06:12 GMT
by
Mike Paulenoff
- MPTrader.com
|
View company's profile
About this Report
MPTrader.com
info@advicetrade.com
Archive
-
Apple Due for Profit-Taking
Fri, Feb 10 2012, 05:10 GMT
-
Big Cap Tech Stocks to Watch
Thu, Feb 9 2012, 04:57 GMT
-
Bullish Digestion for Gold, Euro
Tue, Feb 7 2012, 04:42 GMT
-
VECO on the Move
Mon, Feb 6 2012, 04:51 GMT
-
Promising Technical Set-Up for ORCL
Thu, Feb 2 2012, 05:03 GMT
Advertisement







