| Followers | 680 |
| Posts | 141120 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Friday, May 19, 2017 4:07:24 PM
NDX-100 QQQ has recovered 70% of its Tues-Thurs Swoon. Now What?
By MPTrader | May 19, 2017
The e-NDM (PowerShares QQQ ETF (QQQ) has recovered 70% of the entire downmove from the May 16 all-time high at 5727.25 to the May 18 low at 5550.50.
As long as the price structure remains north of the trendline off of the 5550.50 low, which cuts across the price axis in the vicinity of 5652, we cannot rule out upside continuation that jams the (remaining) shorts late on this Friday session.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By MPTrader | May 19, 2017
The e-NDM (PowerShares QQQ ETF (QQQ) has recovered 70% of the entire downmove from the May 16 all-time high at 5727.25 to the May 18 low at 5550.50.
As long as the price structure remains north of the trendline off of the 5550.50 low, which cuts across the price axis in the vicinity of 5652, we cannot rule out upside continuation that jams the (remaining) shorts late on this Friday session.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
