Steve, do you see a symmetric triangle on QQQ, which you
depicted, as a consolidation before an attempted break-out to the
upside? Or as a topping pattern?
I traded short term puts earlier and calls after tagging lower
levels - not sure in light of current backdrop so simply following
my plan and not swinging. I have other swings on specific
names - slightly favor upside here
Posted by fredsaid on 27th of Mar 2023 at 02:07 pm
I did the same. Thinking tomorrow will be more chop with
QQQs up and banks back down. If the QQQs lose the bottom of
that triangle might have to stop out.
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Steve, do you see a
QQQ 15
Posted by junkie on 27th of Mar 2023 at 01:56 pm
Steve, do you see a symmetric triangle on QQQ, which you depicted, as a consolidation before an attempted break-out to the upside? Or as a topping pattern?
I traded short term puts
Posted by steve on 27th of Mar 2023 at 02:00 pm
I traded short term puts earlier and calls after tagging lower levels - not sure in light of current backdrop so simply following my plan and not swinging. I have other swings on specific names - slightly favor upside here
I did the same. Thinking
Posted by fredsaid on 27th of Mar 2023 at 02:07 pm
I did the same. Thinking tomorrow will be more chop with QQQs up and banks back down. If the QQQs lose the bottom of that triangle might have to stop out.