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daniel337trade

QQQs looking like its ready for a correction

Short
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
daniel337trade  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis Chart Patterns
3
1
trendanalysis chartpattern
Today we fully close the gap from 397 area. However we’re looking at lower high and lower low trends. The bounce isn’t so strong. However it did touch the 9EMA cloud, and I don’t normally short a ticker if the 9ema is under the 20MA. I ‘d wait for the 9EMA to consolidate above the 20MA. I envision a pop to 402.42-404.62, which would be a perfect time to BTO puts of 400-398 weeklies PT is a minimum of 395.04. Leave some runners because 392.53 is downward trigger to 370.95.
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