It bounced back big yesterday. QQQ closed today with a tomb stone candle with bearish tone. The volume was light probably due to the comming July 4th long weekend.
TGIF sell off
Sold half position in the begining and then closed the rest for the weekend. The uptrend is still intact even after the sell off. The volume is light so it is not big deal.
QQQ bounced back …
QQQ closed up 0.70. It bounced right from the trend line after five days of declining. Added long position.
QQQ bounced back …
QQQ closed up 0.70. It bounced right from the trend line after five days of declining. Added long position.
Fed cut 25 basis points
QQQ actually went up after the cut was announced, but it closed lower. The uptrend line is still intact although the selling was little bit heavier than yesterday. Closed half position on the long. We shall see how it plays out this week.