Don't Ignore This Chart

Nasdaq 100 Equal-Weight ETF Breaks September Highs

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The Nasdaq 100 Equal-Weight ETF (QQEW) continues to lead the Nasdaq 100 ETF (QQQ) with a break above its autumn highs. After forming a doji and a hammer, QQEW broke channel resistance in late November and never looked back. The indicator window shows the price relative breaking out in early December.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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