Review of four ETFs - the DIA, QQQQ, TLT and PPH.
The QQQQ's have followed-through to the upside off of yest.'s pivot low at 37.38 into the 38.00/20 area, which is the heart of near term resistance between 38.10 and 38.40, which has to be hurdled to trigger acceleration to more important resistance at 39.00. A hurdle of 39.00 will be considered very constructive and will trigger a new upside target of 40.30/60. At this juncture, only a break of yest.'s low at 37.38 will wreck the improving technical conditions and chart pattern in the Q's...
After some rough going yest., the TLT's have turned up again in what my technical work argues is a significant secondary pullback low in the low 83.00 area, ahead of a potent recovery upleg that should revisit the June 13th rally peak near 86.00
Finally, let's take a look a my updated BIG picture chart analytics of the PPH (Pharmaceutical ETF)...
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