JohnKeverich

Short QQQ, Long IWM

QQQ/IWM  
QQQ/IWM  
This chart shows weekly performance of QQQ             vs IWM             . The idea is the same as here
Short QQQ, Long DIA


Assuming orange band resistance holds:
1st target - 34EMA
2nd target -125 EMA
3rd target - rising channel support
It looks like the resistance is going to hold
snapshot
Already short QQQ, planning to buy IWM on pullback
Reply
I was thinking about buying IWM on August 7th, but then thought the better of it as it looks like channel resistance will be hit after all.
snapshot
Reply
I will go long IWM when RSI breaks the resistance here
snapshot
Still short QQQ
Reply
WIN!
snapshot

Went long 50% IWM on August 19th, added another 50% today near lows.
Still keeping QQQ shorts, and plan to add on any bounce.
Reply
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