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RobBiddle

Interesting QQQ and IXIC divergence

Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
RobBiddle Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Technical Indicators Chart Patterns Trend Analysis Indices sma nasdaq nasdaq100 NASDAQ 100 CFD QQQ Nasdaq Composite Index CFD
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indicator chartpattern trendanalysis indices sma nasdaq nasdaq100 nas100 qqq ixic
It's clear the mega-caps are the only thing holding this market up right now.
The 50day SMA is acting as support for QQQ while simultaneously acting as resistance for the broader NASDAQ IXIC.
Comment:
Divergence resolved to the downside for QQQ.
Smashed through the 50D & 100D.
200D could be in play.
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