Invesco QQQ Trust, Series 1
Panjang

QQQ small bounce next few days?

205
Pretty basic high risk trade - falling wedge today setting new relative lows with higher readings on RSI. If we do see such a bounce, I don't expect to puncture the larger downtrend line which gives a max potential gain to around 370-371for the next few days. I'm playing this through Oct 4 expiration 358 QQQ calls (note: this is obviously very short term!) which seems to be short term support, but expect for that downtrend line to act as a ceiling until we find a real bottom. Looking for 368-369 with gap fill and previous support/resistance to exit trade. Overall chart is not looking inspiring.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.