$QQQ Trading Range for Today, August 7th 2024
QQQ Trading Range for Today, August 7th 2024Ok. Last night I feel asleep without getting the second part of my video done. I have been exHAUTed this past week but next week I will have more energy and a lot of sleep is on the books for me.
So today’s implied move is between 448-431
Tomorrow’s implied move 431-451
To the upside, look out to the 35EMA on the 30min timeframe. Look for signs of support and if we get above it than the target to the upside today on the day is 448. Which is within the bear gap that we did not close yesterday.
To the downside, we have a bull gap from yesterdays gap up, the bottom of that gap is at 5186, and then the bottom of the implied move for today is 431.
The WEEKLY 35EMA is also cutting right through the trading range and is a critical level to have on your chart today. Premarket trading takes us above that already so look to that as a possible support.
GL y’all…
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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.