11/16/2019 Indexes continue moving upwards to new all time highs. Weekly bearish divergences mostly gone, hinting at strong upwards momentum.

QQQ Weekly 11_16_2019.JPG

Notice how the weekly bearish divergence has mostly gone away now – hinting that this upward move has a lot of momentum. I thinking we still move down towards 195 in the near term before possibly moving higher. Either way, if we move down and get near 195, we should expect a volume increase and a large reaction there. 

Have a great, peaceful weekend! 🙂

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s