Trading in the Box

I am shorting the NQ on QQQ trade above 433.50 that reverses lower. An approximate target of 432 QQQ will be my exit on the trade. Reversals from resistance to the central pivot for shorts and central pivot to 432.82 for longs are likely to continue.

Parallel Lines

I am focusing on 435.62 QQQ support as a long-entry threshold level for QQQ and NQ. The mean reversion trade on the ETF is tight, at 435.82. The upper band is 436.05. As long as we maintain the congestion in the range, I will take long entries at the...