Don't Ignore This Chart!

Big Techs Turn Green with Long White Candlestick


With a weak open and strong close, the Nasdaq 100 ETF (QQQ) formed a long white candlestick that is just as long as Tuesday's candlestick. Volume surged to its highest level since mid March. The lows of these two candlesticks now mark an important short-term support level.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at 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 market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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