NQ Channels 7/16/2020

NQ sold off briefly due to Netflix's earnings. However, it recovered quickly. NQ is still not in my buy zone. As you can see, if it's outside the buy zone, the bounces tend to be higher risk.

Why chase the NQ when the NQ can come to you? I don't feel like babysitting TQQQ/FNGU shares if I pull the trigger too early.

Now where is the actual resistance in the NQ? They can be found in the supports of the VXN (NQ's VIX). I posted that earlier.