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MannyTman

QQQ Short if Major support is Broken

Short
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
MannyTman  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Chart Patterns Trend Analysis Technical Indicators QQQ short money rewardrisk Contains image
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chartpattern trendanalysis indicator qqq short money rewardrisk containsimage
QQQ is getting ready to retest its major support at $269.28 if we break below this point I see further downside.

QQQ has formed a descending channel and has a target region of $225-$230

I'm currently looking into puts that are 30 days out and puts that are 60 days for swings once $269.28 is broken.

IF AND ONLY IF $269.28 is broken $265 puts 30 to day 60 days out :)

Happy Trading!!! :)

snapshot

Possible Support Areas for Bounces

$269.28 --- $251.32 --- $237.35
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