From Investopedia:
The PowerShares QQQ Trust (NASDAQ: QQQ)
rose 0.13% over the past week. After moving along its lower trendline support, the index rebounded toward its 50-day moving average at $138.96. Traders should watch for a breakout from these levels toward upper trendline resistance at around $140.00 or a move lower to test S1 support at $134.76. Looking at technical indicators, the RSI appears neutral at 46.64, while the MACD remains in a strong bearish downtrend after its trendline breakdown last month. (See also: Are Large-Cap Tech Declines a Buying Opportunity?)
Read more: Stocks End Mixed After Shortened Holiday Week | Investopedia http://www.investopedia.com/news/stocks-end-mixed-after-shortened-holiday-week/#ixzz4mMnzDBCl
Follow us: Investopedia on Facebook