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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:

QQQ Technical Analysis

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