QQQ is similar to SPY/ES as usual. The $485 level has proven to be important, bulls have been holding it on every retest since it broke above last week. In addition we have a minor downtrend that could lead to a breakout, but also have the ascending channel/wedge.
The trendlines may help determine direction, but 485 is the most important to me and is the simplest way to approach this trade. Bullish above, bearish below. First downside target would a previous low around 479, upside target would be last week's high or the top end of its wedge.
The trendlines may help determine direction, but 485 is the most important to me and is the simplest way to approach this trade. Bullish above, bearish below. First downside target would a previous low around 479, upside target would be last week's high or the top end of its wedge.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.