QQQ 21-day sma = 105.35 vs. 105.21 day high so far
QQQ 200-day sma = 106.61 vs. 106.31 Sept. 9th high
QQQ 50-day ema = 107.15
$COMPQ major upside target = 4877, downside target = 4706
vs. the Sept. 9th high of 4862.88
the $COMPQ and QQQ daily and 60-min charts appear to be building cause for a major advancing sequence off this week's lows ... time will tell if "staying power" for the advance actually takes place
the index futures "rollover" from the September contract to the December contract will be impacting the price action for a few more days, though much of this impact is taking place into Friday of this week
the Nasdaq 100 index Advance-Decline breadth and volume lines are shown below on this daily chart:
September 9th comment -
* three higher lows exist off the late August low for both A-D lines, and this compression pattern since late August requires high vigilance for the next directional outcome
QQQ 200-day sma = 106.61 vs. 106.31 Sept. 9th high
QQQ 50-day ema = 107.15
$COMPQ major upside target = 4877, downside target = 4706
vs. the Sept. 9th high of 4862.88
the $COMPQ and QQQ daily and 60-min charts appear to be building cause for a major advancing sequence off this week's lows ... time will tell if "staying power" for the advance actually takes place
the index futures "rollover" from the September contract to the December contract will be impacting the price action for a few more days, though much of this impact is taking place into Friday of this week
the Nasdaq 100 index Advance-Decline breadth and volume lines are shown below on this daily chart:
September 9th comment -
* three higher lows exist off the late August low for both A-D lines, and this compression pattern since late August requires high vigilance for the next directional outcome
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