Short term we are likely to bounce as support was successfully tested on friday BUT the weekly charts on the QQQQ are showing that things might be a bit overbought. This is NOT a sell signal or reason to short but it does warrant some caution and a pullback to $43 on the QQQQ could be very possible. I view this pullback which will happen eventually as a solid buying opportunity.
2 comments:
In your considerable experience, how much do you think charts help in times like these Stewie? I mean, isn't the market pretty much going to react to earning news?? Thanks!
Didn't help Intel much on Friday though :)
when I can buy?
Post a Comment