Stock Charts - Trucharts.com - Blog update - QLD Technical Analysis
Stock Charts: TruCharts.com - Blog update - Technical Analysis - QLD-Check out this chart for ETF QLD (Ultra QQQ proshares) - it tracks the QQQ ETF or the NASDAQ stock market. You can see from the graph that we are seeing a lower RSI at the same high - implies some weakness. But we have to get confirmation as you can have lower RSI reading with higher highs in the QLD. You can see the same from the graph from the previous pullback when the QLD bounced off its 50d SMA. The one key thing to note is the distance from the 50d SMA line.
No comments:
Post a Comment