6/9/2019 Stocks Bounce near the previous support level. I’m not convinced that this price level will hold for more than a couple weeks.

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Hi everyone. QQQ hit below 170 before having a large bounce to end the week. The move is surprising, but I’m not convinced that this high price level will hold. If you plan to go short or sell your position, the resistance zone in the 185-190 price range looks like a good idea. 

QQQ Weekly 6_9_2019

Published by bigfry

Hi, I’m Nathan. I graduated from Boston University in May of 2020. I majored in Finance and minored in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences. Outside of stock trading/investing, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game.

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