This continues to follow the upper and lower trend lines. Wait for the bounce on support and ride the next wave.
Watching the MA for crossover by EOW and the channel resistance and support levels.
This Etf has overcome nicely Lows of the Days, first resistance 23.4, if 23, time redraw. Objective 23.4
I just close this short term position. The pull back should continue 1 day or two here,but we catch our short term target.
ETFs for Tomorrow: Start long position on SQQQ
Currently trading within a predictable range, what will really rock the boat down? Grexit; FED; oil dumping? Anyway, technically its a good low risk reward entry here. SQQQ Target 27.57 (If S&P gets crazy enough, you may wait till 33.13 to take profit)
SQQQ at or near $33.50 implies an 8% drop in NASX which is supported by recent chart action and potential market headwinds.
Trade triggered if QQQ closed below 91.55
either put on a long or covered their heavy short position. Either way makes you sit up and take notice when paired with movement in $VXX $FXY and FEAR of Fed tapering (the reality of tapering is another story)