Monday, 14 January 2019

TQQQ: Fighting resistance at 42 cloud chart zone. (Up 30+ since support rebound)

TQQQ: Fighting resistance at 42 cloud chart zone. (Up 30+% since support rebound)

TQQQ managed to rebound from old cloud chart support levels. The index is up 33% since the rebound buy signal at cloud support around $31.  It is now close to the $42 cloud chart resistance zone on the 4hour cloud chart.


On the daily cloud chart the TQQQ is fighting resistance at the cloud chart base line! Need to see a breakout past this level, and then the next stop will be the bottom cloud resistance zone!
Critical week ahead.


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