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! 😀
