For perspective, here we have a zoomed-out QQQ Hourly stretching back to the beginning of the Nasdaq’s correction in early-March.
Nots the well-defined, falling channel.
Whichever way you are betting here, long or short, the good news is that your risk parameters in terms of stop-loss placement should be fairly straightforward.
What are you trading this morning?
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Longs; DUST, THD, KNDI, FCEL & JO
Good book, sir.
Your consolidation, or sideways, thesis beginning to play out on hourly chart. Doesn’t look like QQQ is going to have a real easy time getting over 100 period MA
Looks like it, bear. Churn perhaps.