QQQQ has moved up about 4% since my most recent online video, posted on December 3 at www.Worden.com. QQQQ has been making higher lows and higher highs since hitting a low last month. My short-term uptrend line drawn from the November low illustrates what I consider to be the primary focus right now. I think it is important for price to hold above the 20-day moving average (tan dash line) and the uptrend line. Both end points correlate pretty closely with one another at the present time. A decisive move up through the 50-day moving average (white line) would offer a bullish resolution of this pattern.
Both Worden Stochastic and TSV continue to trend higher and I believe both patterns remain positive. TSV has moved slightly above the zero-line in recent days and continues to hold there. One never knows what news may break over the weekend, which might affect stocks come Monday morning, but for now my very short-term bias remains positive. -PW