Have Qs topped today?

What's your take?

  • Agree

    Votes: 36 67.9%
  • Disagree

    Votes: 17 32.1%

  • Total voters
    53
Todays' 43.14 close marks an intermediate top in the Qs (ImPO)

Risk control breach of 44.5

Target around 35-36

Price action has been weakening across the board, Qs current upside cycle has put in only ~+1.5 compared with previous 4 cycles' of an average of ~+3.75. Today closed with a bearish hammer.
 
Quote from Bigpipn:

Is your previous handle "thorn" ??

LOL, no it isn't. Seriously, don't even go there, because I know who you are talking about :)

I am sure moderators can confirm this.
 
TA 101: Indication of a trend change in the Weekly chart.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2614319>
 

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We should get a pullback. Key reversal candle yesterday and neg divergence of CCI on daily chart.

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