RatioTraderfc
Short

Qualcomm Short 61.8% Retracement, Trendline and Resistance

NASDAQ:QCOM   QUALCOMM INC
54 0 0
I really like Qualcomm             short here. It's at the 61.8 on the weekly. It's also at trend line resistance as well as previous structure support . While the market was up around 1.5% today, Qualcomm             barely moved only going up 0.38%. It has a history of rallying up resistance levels and then crashing down hard. For all these reasons I'm short QCOM             going into next week.
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