$QQQ
What did NOT happen today?
1. Mostly QQQ did NOT trade outside of the last three day range -- Neutral
2. When it tried to breakout, it could not sustain the momentum and was met with the sellers -- Negative
3. RSI and MACD did NOT make a higher highs as price made a higher high - Negative
4. Did NOT make a good high but made a good low - The quality of the high point on the 30-min chart is poor as first two 30-min bars have matching highs -- Positive
5. Price action did NOT attract high volume - Neutral
All this suggest MORE chop before we see THE HIGH we have been waiting for!
What did NOT happen today?
1. Mostly QQQ did NOT trade outside of the last three day range -- Neutral
2. When it tried to breakout, it could not sustain the momentum and was met with the sellers -- Negative
3. RSI and MACD did NOT make a higher highs as price made a higher high - Negative
4. Did NOT make a good high but made a good low - The quality of the high point on the 30-min chart is poor as first two 30-min bars have matching highs -- Positive
5. Price action did NOT attract high volume - Neutral
All this suggest MORE chop before we see THE HIGH we have been waiting for!