Confirmation higher could nix the (sloppy) HnS setup. MACD perking up.
Looks like QQQ is positioned to close the gap after failed trading range breakout
I hope this won't be one of those that's super obvious in hindsight. $SPY $DIA $$
Not saying it will, but it could happen...$SPY $NDAQ
Something's about to pop here, in either direction. Tight range, BBs closing in, lots of indecision the last few days
QQQ is trading in trading range between 66.50 and 67.20 recently. Currently, we're in the bottom of it and, hence, another test of the top is pretty likely.
QQQ is giving out serious warning signs on a monthly chart.
After failed breakout - should return into trading range and test its bottom
Nasdaq is ranging between 64.60 and 66.20 nowadays. Hence, getting long with limit order at that strong support (and bottom of the range) with a target at the strong resistance (and top of the range) and reasonably tight stop is surely not the worst idea, as 80% of breakouts fail in trading range
Looking to scalp a buck or two here. The Doji candle at resistance and momentum changing makes this a high probability setup.
VIX has had almost no reaction to the latest correction in the markets which is unusual. Complacency in the marketplace could mean lower prices ahead.