Top 5 Weekly Trade Ideas #3 - QQQ Long/Short
QQQ is testing a trendline that has held since late August now. Small rejection so far, we may bounce shortly and end up breaking out above. If not, I'd expect a big failure here. I think this will determine direction for the next few days at least. If bears can't hold it here, there's not much stopping us from squeezing back up to 486.
I still favor downside for now, but we're getting close to the point where I can't be bearish anymore, at least in the shorter term. Should be interesting.
I still favor downside for now, but we're getting close to the point where I can't be bearish anymore, at least in the shorter term. Should be interesting.
Subscribe to support the cause and for live trade alerts, commentary, private ideas, and more:
ko-fi.com/advancedplays/
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.