Revisiting a previous idea that kept finding resistance at $267, which was finally cleared today.
After retracing today's move a bit, next week QQQ looks to continue correcting to its next target $257, which is a strong support and 61.8% of the Corona rally since March.
Stop is a strong and convincing move above the previous $267 resistance.
After retracing today's move a bit, next week QQQ looks to continue correcting to its next target $257, which is a strong support and 61.8% of the Corona rally since March.
Stop is a strong and convincing move above the previous $267 resistance.
Trade active:
QQQ making expected progress towards $257. I expect it to hit target tomorrow.
Trade closed manually:
Looks like a new wave down is setting up. I post the new setup soon and close this out.
Hope you took profits at $260 with me.
Hope you took profits at $260 with me.
