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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Useful Chart to Watch Today

chessNwine Wed Jul 17, 2013 12:02pm EST 1 Comment

The Q’s have been unstoppable, with large cap growth tech name the stars of the show.

For today’s session, I think it is instructive to watch this 5-minute chart. You can see the potential for an intraday head and shoulders topping pattern. But it has not yet confirmed. As I write this, I see the bulls are trying to recapture the “neckline” of the pattern. This $75.50 looks to be the battleground for today’s session.

Keep an eye on AAPL AMZN, in particular, on top of Tesla of course.

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QQQ

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One comment

  1. e1tan
    e1tan
    July 17, 2013 at 3:01 pm

    google hourly head&shoulders if the leader fall the q’s will follow?

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