Basing the QQQ upon the Nas100 - this is the fund version.
We will be seeing two areas where price will fall to over the election period.
No write is needed as our previous analysis's on SPX , DAX , FTSE cover all information.
It is earning quarter, but the political and social landscape of the US is something to consider and not over look.
Our short targets are in line with 0.382% Fibonacci & 0.5% Fibonacci highlighted by the two red lines clearly marked.
Where to look?
Monitor price when this zone is reached before long positions.
Target 1 - $250-255
Target 2 - $230-237
keep in mind, price may take longer to reach this zone so no quick profit for us is here.
Use your risk management and pay attention to your monetary value be it account size or investment fund size.
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Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
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