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

Assuming orange band resistance holds:
1st target - 34EMA
2nd target -125 EMA
3rd target - rising channel support
WIN!
Went long 50% IWM on August 19th, added another 50% today near lows.
Still keeping QQQ shorts, and plan to add on any bounce.
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I will go long IWM when RSI breaks the resistance here Still short QQQ
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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.
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It looks like the resistance is going to hold Already short QQQ, planning to buy IWM on pullback
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