Intuit
Short

The QQQ is in a 17 Year Bearish Harmonic Reversal Zone

NASDAQ:QQQ   POWERSHARES QQQ TRUST, SERIES 1
We are approaching the definitive range for a bearish alternate bat harmonic pattern that is also complimented by an RSI BAMM signal and AO Divergence. This gives us a nice potential reversal zone around 134 for the QQQ             . There may be a small amount of uptrend left in this because it is only at 129.29 currently, so I am going to wait until the harmonic PRZ is tested before going short, but it is a good idea to keep an eye on this pattern (and similar harmonics on the DOW) to see if they end up producing a valid reversal. Also if this pattern ends up being violated (ie. the resistance zone becomes support), then it will be a good idea to go long and continue to ride out the predominate bullish trend . Right now, though, there is a lot of resistance to a continued bull run in the stock market, both technically and fundamentally. It will definitely be interesting to see how this plays out, the stock market is in one of the most critical periods in history, ever. If we're unable to break this resistance we could see a significant recession or depression within the next few years, however, if we do break through this resistance then we could see one of the most powerful advances the stock market has ever seen.

Check these related charts for more technical and fundamental analysis:




Like and Follow for More Trading Ideas!

Tips: (BTC) 1N7YB8HMzrmtSG8GdZ5b2gdERwENqoSBq
Can you update for 2018?
Antworten
really amazing chart!!
+1 Antworten
Deutsch
English
English (UK)
English (IN)
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden