QQQ Theoretical Play for End of Week
Market got their money back from last week so far, and that in a sense what I expect this to be (I may be wrong). But in my mind, nothing has changed but the algo's hitting the buy button instead of sell the first two days. I don't think they will want to hold long exposure into the weekend (again, I may be wrong). But this two day slingshot back to prior levels seems appropriate for the market makers to get back their money as they sell to retail. Looking for continuation down to 215 fairly soon. (Liquidity by Fed and Fed/china is the only monkey wrench in this thesis).
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