Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Qs Near Test of Key Resistance


Q's Near Test of Key Resistance
By Mike Paulenoff, www.MPTrader.com

The time of truth for the Q's (NASDAQ: QQQQ), which have spiked to the upside off of yesterday's pivot low at 44.21, and are nearing a test of key resistance between 45.60 and 46.00. If hurdled, the Q's will breakout of a month-long base pattern that will trigger potential to a minimum projected target of 47.80-48.20. A downside violation of 44.20 will wreck the entire rounded base pattern and argue for a retest of the July low.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!