N0tSwift

QQQ - Slide to Fill Gaps, then Rise To Blue Trend line

N0tSwift Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Reaction to the election popped us out of existing channels. A couple of large gaps are showing and look to call us downward to fill.
Following fill, we should bounce off of 50/200 SMAs and the former trend and start up to the blue trend line, then...who knows.
Most likely case back down.
Comment:
Unfortunately it didn't work out this way...at least not today. But market futures are negative across the board, so it may play out tomorrow or Monday. Pre-Market SQQQ turned a small profit on the small upward movement at the end of the day. Long term, I'm trending bullish, and put long term money into USD, QCLN, OGIG and ROM today. Short term, I think we fill gaps, then back up still.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.