The weekly chart is actually showing some positive momentum, with the Qs breaking through the upper band of the LR11 channel and looking like resistance at the 10WSMA could be next. The lower technical, including Moneystream, TSV, RSI and the MACD are all modestly up after Thursday's rally, and although Thursday's volume was suspiciously low, the weekly volume was above both the 8 and 20 day volume moving averages. . . so another argument in favor of the bulls.
The Qs continue to oscillate around the 20DSMA, although, as noted in the 3 LRS study above, there are technical signals that suggest a likely change of trend to the upside. Whether this is a longer term trend change, or merely a rally in an ongoing bear market remains to be seen. The AROON, which we rely on for longer term signals, remains non-committal.
The A50 showed considerable improvement this past week and is now bumping against short term resistance. The A50 can be considered a positive sign for continued Q gains as long as it holds above the 20DSMA. Next resistance level is the 200 day.