In this video I cover a short straddle trade in QQQ that has a slight bullish bias to profit from both a price pop as well as the high implied volatility in this underlying.
**Current Market Structure**
-Medium/Long term bullish trend
-Price is reaching some key support areas at 175, 171, 170
-Bearish weekly candle may see prices push lower but I...
Another interesting market comparison that I see looking at the QQQ's of 2014 to our present day. Price COULD* be at the early stages of showing it wants to move higher from here.
These are 2 week chart timeframes and I noticed a few possible clues in the 3/10 oscillator and RSI.
Specifically the 3/10 looks to be making an upturn.
Along with the RSI is still...
