The selloff yesterday was short lived as we thought. The uptrend that formed on April 25 continues and we pretty much saw the selloff of yesterday “filled” at around 10:30AM or so. We saw a continuation and a little more volume that the days past. The bulls won the battle for sure today!
Pivot Points and Price Targets (Supports and Resistance) for Friday, 05/02/08, for QQQQ to look out for:
- Pivot Point = 48.21
- Support Level 1 = 47.70. Support Level 2 = 46.71
- Resistance Level 1 = 49.20. Resistance Level 2 = 49.71
Let’s see if the uptrends continues tomorrow!