3/19/2018 Setup Before Market Open

QQQ analysis 3_18_2018.PNG

Judging from the current futures price action, we will probably open red tomorrow morning. 

Please take a look at the chart above. The rectangle represents the breakout location for QQQ. I mentioned in a previous post that this price zone (167.5-170) offers a good buying opportunity especially for day traders looking for a quick bounce. 

Swing traders can start scaling in on any sort of weakness tomorrow morning (a gap down would count). 

I look forward to updating this blog post at the end of tomorrow. Good luck trading! 😀

 

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