September 4th, 2019: QQQ Chart Update
Posted by pugsma on September 4, 2019
12:15 pm EST: The large, 2-year long, broadening top pattern on the QQQ weekly chart looks nearly identical to the SP-500 weekly chart. Notice the building negative divergence in the weekly MACD. 195.55 could be the P5-C1 top or it’s possible the P5-C1 ending diagonal on the QQQ has more push up to the 198.52 area. Note: the ending diagonal maximum is at 205.48.
QQQ Weekly Chart:
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