3/19/2018 Setup Before Market Open

Category1 1 Minute

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. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU, and am currently working on a company with my twin brother. I'm currently teaching Go full time, which has been the best job I could ever hope for.

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