QQQ - Slide to Fill Gaps, then Rise To Blue Trend line
Reaction to the election popped us out of existing channels. A couple of large gaps are showing and look to call us downward to fill.
Following fill, we should bounce off of 50/200 SMAs and the former trend and start up to the blue trend line, then...who knows.
Most likely case back down.
Following fill, we should bounce off of 50/200 SMAs and the former trend and start up to the blue trend line, then...who knows.
Most likely case back down.
تعليق:
Unfortunately it didn't work out this way...at least not today. But market futures are negative across the board, so it may play out tomorrow or Monday. Pre-Market SQQQ turned a small profit on the small upward movement at the end of the day. Long term, I'm trending bullish, and put long term money into USD, QCLN, OGIG and ROM today. Short term, I think we fill gaps, then back up still.