QQQ Bulls Look for Daily Higher High

in #stocks7 years ago

We will be watching QQQ Tuesday as the bulls attempt to make a higher high on the daily chart and close above $170.82. A support level to be watching is the recent consolidation of $166.88 as we have been trading in this range for over 10 days now.

Daily Chart:
Screen Shot 2018-05-28 at 10.22.34 PM.png

On the weekly timeframe the bulls are still in control after breaking the equilibrium pattern bullish and going through healthy consolidation. The 4 and 8 period exponential moving averages as well as the middle Bollinger band are current support.
Screen Shot 2018-05-28 at 10.33.45 PM.png

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More evidence from the Cumulative Advance Decline Line - making higher highs when price did not.

May29NAUD.JPG