The Q’s traded between the pivot point and Resistance level 1 for the day. We were met with an upside gap in the morning with price moving upwards to find itself back to the levels saw at the beginning of the session today. We ended the day with a lateral channel from noon on. According to the 200 SMA, we had a relatively flat day and the pivot point analysis does point to a bullish day.
Pivot Points and Price Targets (Supports and Resistance) for Thursday, 04/24/08, for QQQQ to look out for:
- Pivot Point = 46.73
- Support 1 = 46.40. Support 2 = 45.94
- Resistance 1 = 47.19. Resistance 2 = 47.52
Its earnings season right now so becareful!