QQQ and the EMA (50)

[TrendSpider_Jake]

Happy Friday! The more eyes on a particular price level or indicator create self-fulfilling prophecies in which price action starts to respect these levels. In this case, the QQQ has been respecting the EMA (50) for some time now both as support and resistance areas. An alert is set on the channel resistance above in case price action breaks through like in late November.