QQQ - Major Bear Trap Incoming
Good Morning Traders,
We had a nice bounce in the market wednesday morning leading up to thursday premarket trading session.
However we haven't seen it hold well at those upper levels at $280-290. Yesterday's sell off was due to stimulus bill not getting passed + crash of the pound currency.
Although we're ultimately bullish on US equities, we're expecting some more volatility in our trading sessions the next few days.
QQQ currently headed towards our resistance. We think that the market might try to bring on more sellers. We may be visiting our recent lows a few more times before we make the full bounce (or even quick flush lower).
Sell the rip type of mood today.
We play what the market gives us.
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
We had a nice bounce in the market wednesday morning leading up to thursday premarket trading session.
However we haven't seen it hold well at those upper levels at $280-290. Yesterday's sell off was due to stimulus bill not getting passed + crash of the pound currency.
Although we're ultimately bullish on US equities, we're expecting some more volatility in our trading sessions the next few days.
QQQ currently headed towards our resistance. We think that the market might try to bring on more sellers. We may be visiting our recent lows a few more times before we make the full bounce (or even quick flush lower).
Sell the rip type of mood today.
We play what the market gives us.
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
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