After QQQ reaches 9 dollars up on the first two weeks of the year, we can expect a healthy correction with 160 as a target, the uptrend channel is clear and is all set for a move down to support levels and get out of overbought zone.
After a great earnings beat and seeing that the stock couldn't reach the 45-46 levels again, a formation of head and shoulders pattern is in the making; if it's true we would take profits with a short until 39,16. The stoch RSI confirms this idea located in an overbought zone.
After a great data report the bullish trend has kept awesome , but at the short term we might see a slightly correction move with stock RSI Indicating that the ETF is overbought, comparing with the INDEX:NASX we could expect down moves from the market the next week before this one keep´s rising.
DAL present a double bottom pattern with a support on 44 and the Stoch RSI Indicate that the stock is oversold zone, waiting for a touch on the support level , we might can see a bounce back above Fib. Levels