$QQQ 60m Chart Analysis: Post FED Minutes
Nearing a pivot at $295 I have witnessed this level provide a lot of two way trade. To me I think it's smart to fade this rally as the FED really hasn't changed the substance of the current rate hiking environment I believe 
QQQ will run into a supply imbalance at or near $295. SO I am buying (14)Dte Put options around the $280 strike, my strategy is to roll up/down as I see fit with pace of volatility etc.
My opinion is that the first reaction to Minutes/FOMC is a great opportunity to get short tech / the market. Trade smart, trade safe, most importantly just TRADE.
QQQ will run into a supply imbalance at or near $295. SO I am buying (14)Dte Put options around the $280 strike, my strategy is to roll up/down as I see fit with pace of volatility etc. My opinion is that the first reaction to Minutes/FOMC is a great opportunity to get short tech / the market. Trade smart, trade safe, most importantly just TRADE.
Note
So far $295 price action is supporting a reversal to the recent rally.
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