$QQQ Weekly Outlook 2/6/23
$QQQ
QQQ closed at 306.18 after a 20 point move from the
290 level this week. QQQ can pullback to 301-300
if it cant not defend 305 Monday. 300 will be the
support to look for continuation to the upside.
Below 300 we can pullback towards 295 293 again.
Remember never to trade with a
Bias. The top day traders use simple strategies.
You don’t need 50 different indicators
to tell you which way the market will move each
day. To generate consistent profits,
Keep your approach simple and PAYtiently wait for
the right trade setups. Having Decision fatigue can
lose large amounts of money in a short period of time.
The main cause of this when Day Trading is over trading.
Always look for quality over quantity because it
this will always add to larger profits in the
long term!
QQQ closed at 306.18 after a 20 point move from the
290 level this week. QQQ can pullback to 301-300
if it cant not defend 305 Monday. 300 will be the
support to look for continuation to the upside.
Below 300 we can pullback towards 295 293 again.
Remember never to trade with a
Bias. The top day traders use simple strategies.
You don’t need 50 different indicators
to tell you which way the market will move each
day. To generate consistent profits,
Keep your approach simple and PAYtiently wait for
the right trade setups. Having Decision fatigue can
lose large amounts of money in a short period of time.
The main cause of this when Day Trading is over trading.
Always look for quality over quantity because it
this will always add to larger profits in the
long term!