Even after Wednesday’s decline in the QQQ, it still has an RWBCount=12, with all moving averages lined up perfectly.
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13th day of $QQQ short term up-trend; $PCMI RWBCount=12, BOS and cup with handle
PCMI has an RWBCount=12 (see yesterday’s post for a definition) and has bounced off of support (BOS). And better still, it has retested its recent GLB and may have formed a cup with handle break-out on Tuesday. The volume was a little above average. Let’s see if it can hold on Wednesday.
11th day of $QQQ short term up-trend and RWB; Happy Holidays to all
The QQQ remains in an RWB up-trend and has closed (dotted line) above all 12 moving averages. Note this is a weekly chart with exponential moving averages. Thank you for your kind holiday wishes.
