HOW TO RIDE Your Profits FULLY - 12 EMA BULL TRENDING $QQQ $SPY
Yesterday I talked about how bears had no follow though at market open and bulls took over after we broke above resistance and that we will very likely get another bull move today higher.
- Both SPY & QQQ were trending on the 12 EMA super strong and did not break below it at all
- bull 100% comfortable holding their positions throughout the entire day with zero signs of any red flags so far
- likely due for a 4h consolidation i'm looking for a 5m or 15m oversold bounce play Monday/Tuesday and ride continue to ride the bull move up until price action tells me otherwise.
- took some profit off my TQQQ position at 23.38, still holding some shares will likely add them back on a consolidation for another move up.
- Both SPY & QQQ were trending on the 12 EMA super strong and did not break below it at all
- bull 100% comfortable holding their positions throughout the entire day with zero signs of any red flags so far
- likely due for a 4h consolidation i'm looking for a 5m or 15m oversold bounce play Monday/Tuesday and ride continue to ride the bull move up until price action tells me otherwise.
- took some profit off my TQQQ position at 23.38, still holding some shares will likely add them back on a consolidation for another move up.