Looking at QQQ Investco QQQ Trust the rally is loosing steam and will soon run up against downward trending resistance. Looking to short here or just a bit above.
Trade attivo:
Still short here as market is respecting the downward resistance, but I'm growing less comfortable holding here. If we can get a clean breakout next wk I'll flip to long.
Trade attivo:
We hit the downward sloping trend line and bounced pretty hard to the downside. Bad news was bad news for the market today for the first time in a long time so I'm content to stay short here.