Invesco QQQ Trust Series 1 (QQQ)

[frenchee]

NASDAQ 100 IS ALSO OVERSOLD AND NEAR SUPPORT... The Nasdaq 100 Shares (QQQQ) also gave big a big chunk of its morning gains. Volume decline in the bounce however. Here again, little has changed. The QQQQ is testing chart support along its October peaks (ranging from 36.37 to 36.47) and its 200-day moving average (currently at 36.10). Its 20-day CCI oscillator shows it to be oversold and giving a short-term positive divergence. That may suggest that the weakest of the major stock indexes is reaching a point where a rally attempt can be attempted. It had better do it pretty soon. That's because it's downside correction is getting dangerously close to the point where it could start sustaining longer-term damage.

http://stockcharts.com/def/servlet/SC.web?c=qqqq,uu[w,a]declyiay[db][ph.02,.20!d21,2!b5!i!b200!b18!b...