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Monday, August 3, 2015

Forecast for Tuesday

My forecast for Tuesday has changed due to new information at the end of the day. I know think that the cubes are going to move up a bit tomorrow and then chop. Lets refer to the chart:

I have drawn in the path that the QQQ is likely to take over the next several days, in part because the three indicators are showing some up is on the way. Note for the last 2-3 days there has been candles with bottom tails. The adx DI- is showing its second double peak in a series of double peaks that I have circled above, and now the red line is due to drop, which means the inverse for the stock price.
The Williams %R has a bit more until the bottom of the graph, however there was a middle bottom in the middle of last april when the other indicators looked similar.
So for tomorrow, a bit of up.

Tradinginsider

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