3/19/2018 Setup Before Market Open

Category1 0 Minutes

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! 😀

 

Published by bigfry

Hi, I’m Nathan and I’m currently a Sophomore at Boston University majoring in Finance and minoring in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences with you. So far, I’ve only been trading stocks for about a year, but I plan to continue trading for a long time. Outside of school and trading stocks, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game. This blog will be dedicated to sharing my trading experience, what I learned from the books I’ve read, and commentary on the FAANG stocks (Facebook, Apple, Amazon, Netflix, Google) along with the major indexes. I will also have resources that explain my take on risk management, options trading, popular indicators, psychology, and of course, entertaining stories. I hope to write a book in the near future!

Published

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s