QQQ has been downtrending however-
it broke through the mid-Fib levels which are now resistance
the Momentum Oscillator shows bearish momentum decreasing to nearly zero
the red dot on the center line suggests a squeeze is underway
recent candles are small range and nearly Doji
candles on the RSI Ichimoku are wide range and volatile
in general relative strength is rising in bullish divergence
Accordingly I will close the put options and open call options
with 48 hours of time to expiration at a strike 1% above current price.
it broke through the mid-Fib levels which are now resistance
the Momentum Oscillator shows bearish momentum decreasing to nearly zero
the red dot on the center line suggests a squeeze is underway
recent candles are small range and nearly Doji
candles on the RSI Ichimoku are wide range and volatile
in general relative strength is rising in bullish divergence
Accordingly I will close the put options and open call options
with 48 hours of time to expiration at a strike 1% above current price.
Trade active
My call options are up 365% closed one and two are runners.
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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.
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.