The Q’s continue to creep upwards. We saw a bear flag with the start of trading today to see prices dip a little. That ended at 10:30 where we saw price stair stepping its way upwards for the remainder of the day. There were plenty of buy signals throughout the whole day and it would have been a great opportunity for the Bulls to cash in!
Pivot Points and Price Targets (Supports and Resistance) for Wednesday, 04/30/08, for QQQQ to look out for:
- Pivot Point = 47.47
- Support Level 1 = 47.18. Support Level 2 = 46.77
- Resistance Level 1 = 47.88. Resistance Level 2 = 48.17
Let’s see if the Q’s can continue this upward trend!