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Tuesday, July 11, 2017 1:55:12 PM
e-NDU (QQQ) Remains Poised for Upside Continuation After Ending its 4-Week Correction
By MPTrader | July 11, 2017
The e-NDU (QQQ) is having a relatively volatile session, but the net result of the price action-- now weakness off of its recovery rally high at 5717.75 (139.15) to 5682 (138.30)-- is, well, not much if any damage to the uptrend that has developed off of last week's (July 4th, electronic) low at 5560.25 (135.80).
In fact, the series of higher-highs and higher-lows since July 4th remains intact, and is the dominant feature of the week-long pattern in the NDX derivatives and ETFs.
At this juncture, only a decline that breaks and sustains beneath 5650 (137.50) will neutralize the week-long advance.
A climb above 5718 (139.20) will trigger upside projections to 5795 (141.00) next.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By MPTrader | July 11, 2017
The e-NDU (QQQ) is having a relatively volatile session, but the net result of the price action-- now weakness off of its recovery rally high at 5717.75 (139.15) to 5682 (138.30)-- is, well, not much if any damage to the uptrend that has developed off of last week's (July 4th, electronic) low at 5560.25 (135.80).
In fact, the series of higher-highs and higher-lows since July 4th remains intact, and is the dominant feature of the week-long pattern in the NDX derivatives and ETFs.
At this juncture, only a decline that breaks and sustains beneath 5650 (137.50) will neutralize the week-long advance.
A climb above 5718 (139.20) will trigger upside projections to 5795 (141.00) next.
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
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