The PowerShares QQQ (QQQ) was down for a 2nd-straight session after tapping a low of $170.16. Near-term support at $170-$169.50 held with the close back below the 200-day moving average being a slightly bearish signal. A move below $168 will likely signal a near-term top. Lowered resistance is at $172.75-$173.25 with additional hurdles at $175-$175.50. […]
Category Archives: Market News
NextOptions.com Index and Earnings Options Play List for 4/16/2018 50-Day MA’s Back in Play 8:00am (EST) The market started the week with strong gains as traders shrugged off the air strikes on Syria over the weekend and instead, focused on the earnings season, which will pick up in earnest this week. Volatility continues to subside […]