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StockPickingEnthusiast
Jun 23, 2021 1:06 PM

Watching Q's at Open for MM's to Tip Their Hand 

Invesco QQQ Trust, Series 1NASDAQ

Description

(Opinion Only)

Watching open to see if we see a drawdown back to that 343-345 area (Fibonacci extension levels).

No guarantee repeats but seems they sell off the Q's when it closes at or near the trend resistance the next session opening..
First 5 to 15 mins should be telling.

Quarter end rebalancing and locking in profits for the quarter-end statements will be priority for money managers..

Comments
QUANDRANTS
similar view on the micro level w/ AAPL case in point. Stair-steps followed by troughs.



^TNX can really cut this party short. If Qs breaks out before next CPI reading it won't have much staying power IMO
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