QQQ couldn't stay above $280.63, a major support, yesterday and closed below it on the daily.
QQQ has some more downside. There's always a possibility we can see Covid lows due to this recession period. Interest rates are getting higher and higher which means less people will be able to afford to buy homes, the housing market will be seeing some downside too in my opinion but back to QQQ.
QQQ is about to be a blood bath if it holds below $280.63.
I'm going to swing a put for the next 3 months cause this is exciting.
If you're not in yet, always wait for a better entry.
Entry: $279.11-277.86
Target: $273
QQQ has some more downside. There's always a possibility we can see Covid lows due to this recession period. Interest rates are getting higher and higher which means less people will be able to afford to buy homes, the housing market will be seeing some downside too in my opinion but back to QQQ.
QQQ is about to be a blood bath if it holds below $280.63.
I'm going to swing a put for the next 3 months cause this is exciting.
If you're not in yet, always wait for a better entry.
Entry: $279.11-277.86
Target: $273
Trade closed: target reached:
Target is approaching but, I personally will stay in this until it hits $268.28. Then I will see what to do next.