QQQ and the EMA (50)

Discussion in 'Technical Analysis' started by TrendSpider_Jake, Jan 11, 2019.

  1. TrendSpider_Jake

    TrendSpider_Jake Sponsor

    Screen Shot 2019-01-11 at 7.39.39 AM.png
    Happy Friday! The more eyes on a particular price level or indicator create self-fulfilling prophecies in which price action starts to respect these levels. In this case, the QQQ has been respecting the EMA (50) for some time now both as support and resistance areas. An alert is set on the channel resistance above in case price action breaks through like in late November.
    dealmaker likes this.