Tuesday, May 8, 2012

QQQ Update

Since the Q's were the first spot we identified some potentially bullish action, I'll update them first.

 QQQ early signs included a break below major support (the swings and amplitude as demonstrated yesterday are going to be larger) and volume picking up.

 You can see the market is responding directly to the Euro.

 1 min QQQ

 3 min QQQ

 5 min QQQ

15 min QQQ-this chart still is yet to confirm the downside move in the Q's and remains leading positive.

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