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Stocks recovered from steep losses yesterday to close higher than the open. As expected the 50 MA area in the QQQ acted as an area of support. The Nasdaq 100 futures and QQQ looks like it is forming a double bottom in the 60 min charts and today we want to see that there is follow through to the chart pattern.
Let's take a look at what the charts are telling us:
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
Jan 18, 21 10:34 AM
New chart lesson for the 3rd week of January 2021. Hope you can benefit from this.
Jan 04, 21 11:30 AM
In this week's chart lessons, we will have a look at bitcoin and other charts.
Dec 29, 20 07:47 AM
We should continue to be bullish on the S&P 500 as a weekly bottoming tail forms in this uptrend.
Dec 22, 20 09:27 AM
The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.
Dec 15, 20 09:53 AM
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