October 10th, 2017: QQQ Chart Update
Posted by pugsma on October 10, 2017
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SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
Posted by pugsma on October 10, 2017
5:10 pm EST: QQQ is approaching its long-term Cycle (C1) target at P5=1.62*P1 = 149.90. MACD negative divergence (-DIV) is building on both the daily and weekly charts. The daily chart shows what could be a terminating end diagonal pattern for major [5]-P5-C1.
QQQ daily chart:
QQQ weekly chart:
This entry was posted on October 10, 2017 at 5:13 pm and is filed under Add-On Service, QQQ. Tagged: Elliott Wave Technical Analysis, QQQ Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
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