QQQ What I'm Watching
Left Side: 49m (1/8 Day)
Right Side: Daily
We have a gap that needs to be filled monday, that I expect will act as a support. In the next week or two I would look for signs of an oncoming mean reversion (a 5% pull back minimum). The reason I am looking at this is because QQQ is short term overextended, a pull back is not out of the question. No immediate pullback yet though, check for volume and volatility compression before taking a short. Thanks for viewing, good luck traders.
Right Side: Daily
We have a gap that needs to be filled monday, that I expect will act as a support. In the next week or two I would look for signs of an oncoming mean reversion (a 5% pull back minimum). The reason I am looking at this is because QQQ is short term overextended, a pull back is not out of the question. No immediate pullback yet though, check for volume and volatility compression before taking a short. Thanks for viewing, good luck traders.
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