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| It was a mixed week for the major markets. For the week, the Dow Jones Industrial Average gave back 21.13 points, or 0.16%. The Standard Poor's 500 Index lost 5.38 points, or 0.36%, while the Nasdaq Composite climbed 19.67 points, or 0.76%. |
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| Oscillators | Trend Analysis | Candle | | Symbol | Daily | Weekly | Daily | Weekly | Mtly | Qtly | Yrly | sticks | | QQQQ |  |  |  |  |  |  | |  | |
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QQQQ Long-term perspective:
The long-term five years old bull market could be over and a new long-term down trend just started. In long term we expect QQQQ moving down toward the long-term channel support. Weekly William's Percentage Range (W%R) is overbought and the price is near the long term rising channel resistance. |
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| QQQQ - Long-Term Trend |  |
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QQQQ Short-term perspective:
Daily William's Percentage Range (W%R) is strongly overbought and Lane's Stochastic (%D-Slow) is overbought. On Friday the QQQQ had a Bearish Deliberation candlestick pattern. The Bearish Deliberation is a medium reliability pattern that shows a weakening upward trend and indicates that the movement is losing momentum. Next week QQQQ may resume the downtrend. |
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| QQQQ - Medium-Term Trend |  |
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| Presented by www.thegreedytrader.com Research Group. |
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