Hello Everyone!
Yesterday we saw a bit of a sell off in the Q’s and we closed lower than the previous day.
Today we see a wide range consolidation and we saw prices closing a little higher than yesterday. The last few days we see that volume was high and the battle was strong. Today, the sentiment is not pulling one way or the other and therefore we will have to see who will win tomorrow.
Pivot Points and Price Targets (Supports and Resistance) for Friday, 05/09/08, for QQQQ to look out for:
- Pivot Point = 48.39
- Support Level 1 = 48.08. Support Level 2 = 47.75
- Resistance Level 1 = 48.72. Resistance Level 2 = 49.03
Let’s keep an eye tomorrow to see if the bulls or the bears win!