$QQQ Analysis, Key Levels & Targets for Day Traders for Sept 25
Ok, so I can’t make a video tonight :( My Wifi is down in my neighborhood because they are putting new lines in, and to make matters worse there’s a hurricane coming this way so it won’t likely be fixed until it passes so I can only do as much work as my hotspot will allow
So we are at a pretty strong resistance level here at 485. You can’t see it on the screen here but if you zoom back you can see that 485 was resistance in July and August as well. Just above that we have a bear gap that goes to just under ATH’s that we made in July so if bears are hiding anywhere it’s going to be in that gap.
The implied move for tomorrow is between 481 to 489, the 30 day average volatility is between 477 to 493, and the implied move on Thursdays contract is between 480-491.
I have been selling 1dollar wide spreads at the next days implied move but on this days contract. That has been working well for me for a while now. And I sell when we get to the strike, not from far away.
GL, y’all… I’ll keep you up to date on the wifi situation
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.