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! 😀
Hi, I’m Nathan. I’m currently a Junior 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. 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 major indexes and other stocks.
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