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ChandlerQuintin
Jul 1, 2015 6:10 AM

Classic $QQQ RSI-2 / BBand Setup Long

Invesco QQQ Trust, Series 1NASDAQ

Description



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.

Comments
galaxytrader777
Are you sharing the script?
ChandlerQuintin
Herrrrrrro.
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