QQQ’s continue to take a pounding

The QQQ’s had a terrible day today closing on the low for the day indicating that if the market remained open it would have fallen further. It got resistance on the 10 day moving average today and then fell to close on its low for the day. Look at the nice rounded top. Looking at it tonight the $84 long term and short term support looks like it is within reach. Lets see if it gets there. Money stream is just terrible tonight (lower chart) and look at the institutional selling (middle chart). Chart here

We may see some bounce tomorrow but it may be short lived. I am giving a live class in Cork on Saturday afternoon 26th April 2pm to 5pm with my good friend Kevin Flynn. I am doing a introductory seminar that morning. Book you place here.

Safe trading. Regards Pat