Downdraft

by | Feb 6, 2024 | Uncategorized

My strategy on the QQQ / NQ has been short, short, and short again this morning.  426.76 is the next level of S|R, and represents a 61.8% retracement of the last leg of the move lower. My initial short level still represents a valid entry for me at 427.65. I will...

Buy the Rumor, Sell the News

by | Jan 31, 2024 | Uncategorized

The QQQ has been extended beyond S2 since the opening bell. This usually indicates a reversion into the range between S2 and S1, but today’s price action indicates that we may have a skewed probability distribution. I am going to focus on the short side of the QQQ /...

QQQ NQ Trade Idea

by | Jan 23, 2024 | Uncategorized

Grinding price action Monday and Tuesday has not put many opportunities on the table. But 421.85 on the QQQ looks like a solid inflection, and I will rest an order there for a long entry on QQQ and NQ. The initial target is 422.30, with an extended target at...