Wedge on Nasdaq Daily Chart

2022年7月7日

There is a falling wedge on the daily chart. There has been a 50% retracement of the Covid rally. There is the potential for a breakout to the upside. The rising wedge in the S&P that preceded this bear market move had a brief move up after breaking out of the wedge but eventually the move played out. The Nasdaq may do something similar here.

2022年7月12日

交易進行

I bought a QQQ call expiring Aug 10th today on this pullback which brought us near the 20day and retested the wedge which we have already broken out of.
The strike + premium breakeven level is approximately the equivalent of 12322 in NQ.

2022年7月16日

註釋

Counter-intuitive move up on Thurs and Fri after a bad CPI report showing higher inflation. 20-day moving average has now curled up and we're above it. 50-day MA is the next big resistance overhead along with the two previous highs.

2022年7月29日

交易結束：目標達成

Closed out QQQ call today at .382 retrace and 100 week sma level. Could be more upside from here, moon potential even, but not chancing it with expiration approaching.