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QQQ at daily resistance trendline
Invesco QQQ Trust, Series 1
Short
QQQ at daily resistance trendline
By traderxchart
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Updated
Feb 2
2
Jan 26
Topped at daily resistance trendline
Contact with weekly RSI resistance trendline
Little volume spike on Jan 24th daily candle
Entry today or yesterday
TP: Till weak daily candle
TP: At weekly RSI support trendline
TP: At first gap fill
Note: Move may not be directional as weekly candle not yet closed and monthly is still suggesting continuation
Note: Monthly high could be set for now
Note: Only on QQQ and not on NQ
Jan 26
Trade active
Jan 26
Note
Watching XLK can also be the cue when to take profit
Jan 30
Trade closed: stop reached
Broke last daily candle high
Jan 30
Trade active
Pump on low volume to put in weekly high on Monday so it can dump rest of the week
Feb 2
Trade closed: stop reached
Technical Indicators
Trend Analysis
traderxchart
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