QQQ ominous
Volume trend suggesting upper TL shall resist and not be broken this time around.
IF:
-5MA, 10MA fail 50MA golden cross
-TL holds QQQ price
-MACD reverses
-NFLX doesn't break the bear mkt by itself on THU
THEN:
-plenty of air below for bungee plunge.
-will grab a set of 2/15 QQQ 157p, looking for return of 15.00-25.00 per contract.
IF:
-5MA, 10MA fail 50MA golden cross
-TL holds QQQ price
-MACD reverses
-NFLX doesn't break the bear mkt by itself on THU
THEN:
-plenty of air below for bungee plunge.
-will grab a set of 2/15 QQQ 157p, looking for return of 15.00-25.00 per contract.
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