QQQ Update Daily TF Sept 8
Things to note:
- price broke above 9SMA briefly today but was rejected by bear flag channel (so far)
- we had a Golden Cross of the 50 above the 100 on Tuesday (bullish obv)
- bull target #1 gap @ $307.50
- bull target #2 Golden Pocket FIB @ $317.82
- bull target #3 gap @ $322.72 + downward slopping resistance
I'm holding SEPT30 $330
QQQ CALLS to play the upside potential & hedge.
Ultimately looking for a lower high to validate the bear thesis & will add to my PUTS as we/if we progress higher.
Always DYOR. Trade the charts, not the emotions & avoid hype.
- price broke above 9SMA briefly today but was rejected by bear flag channel (so far)
- we had a Golden Cross of the 50 above the 100 on Tuesday (bullish obv)
- bull target #1 gap @ $307.50
- bull target #2 Golden Pocket FIB @ $317.82
- bull target #3 gap @ $322.72 + downward slopping resistance
I'm holding SEPT30 $330
QQQ CALLS to play the upside potential & hedge.Ultimately looking for a lower high to validate the bear thesis & will add to my PUTS as we/if we progress higher.
Always DYOR. Trade the charts, not the emotions & avoid hype.
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