Long

QQQ long after the sell off

Updated

Yesterday before the close we gave the warning of SPY QQQ IWM and DIA all hitting resistance with no real buyers to push it so over night we shorted the weakness into our 13195.25 level on the NQ right now we are long call options as risk is premium paid we can possibly see 340 next week if we gain our levels.

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Chart to go with the NQ

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we have a wedge tightening up with the volume being traded in the middle we need to gain the level for upside and if we fail it then we have downside in play

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wedge broke rejecting our level as it became the Point of control we are at the bottom of the range which is important to hold for our upside view

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VIX also testing upper levels

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Boom vix level hit

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Lower part of the level
hit on QQQ and on SPY

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we have the gap are tested we also have the vix 30 level on a possible 2b i would start to look for a higher low to push into the upper levels which we will target for profit takes

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Low called before the close

Project_MMG

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