3/10/2020 Stocks surge today, but I’m still thinking we drop down to the 180-190 level on QQQ. Currently risk reward favors a move up although futures hint at more downside tomorrow (Wednesday).

bigfry Category1 March 11, 2020 1 Minute

Hello, this is a midweek update.

Despite the bounce today, I still think we will move much lower in the next 1-2 weeks to the 180-190 level on QQQ (probably the lower end of that range). I don’t think QQQ will be able to push through the 210-215 resistance zone (good level to sell or go short at). If we hold for a week above the 210-215 level, I suspect new all time highs will occur.

QQQ Daily 3_10_2020

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 programming, teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU. I'm currently teaching Go full time, which has been the best job I could ever hope for. I'm also currently attending the App Academy bootcamp which started in January 2023. View all posts by bigfry

Published March 11, 2020

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