QQQ on Tuesday

[Walther]

I expect selling after opening then run up past today's high.
Important time to watch is 11:05 - 11:20 .
Have a nice holidays.
Walter

 

[4xis2ez]

Hi Walter,
Do you have a target price for QQQ for this upmove? Thanks.

 

[bungrider]

i predict a gap up open then massive selloff.

i've been wrong alot lately.

 

[Walther]

If we have a gap up , we might see 36.10 but I think there will be effort to get sellers on board first so they can help later to drive price into stops .
Walter

 

[taodr]

Quote from bungrider:

i predict a gap up open then massive selloff.

i've been wrong alot lately.

What does that mean you're 50/50 ??

 

[Walther]

At 12:05 might be another try to establish resistance.

 

[kgharris]

Quote from Walther:

At 12:05 might be another try to establish resistance.

Do you expect down from here. When you said in your first post a move past [yesterday's] high, I was thinking another big up day - just an assumption.

 

[Walther]

I thought that price will peak around 11:00 and then will go steadily down . based on what I see so far, I think there will be another attempt to break trough resistance around 14:05, but because price is moving so slowly it might be at 14:30.
Walter

 

[Walther]

What a sleeper, it sure tried to break trough resistance at specified times but nothing significant . See what will happen before close. Looks like nobody is leaving , just waiting for a leader .

 

[4xis2ez]

Maybe QQQ is working off overbought conditions for new highs tomorrow.