ChandlerQuintin
Long

Classic $QQQ RSI-2 / BBand Setup

NASDAQ:QQQ   POWERSHARES QQQ TRUST
snapshot

Take a look back to check out what happens when RSI 2 is below 2.5, we have movement or a close below the lower BBand, and for an added bonus, when traditional RSI 14 is in the 40 or below range.

The key to this setup is to not get greedy. Once that mid BBand line is crossed, it's time to tighten the stops. Let it ride. If you're a little cautious, sell when you get close to that line, or when you hit it.

Herrrrrrro.
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