gonna wait till the close, but this is setting up a launching pad for tomorrow, especially if it can print a few pennies "red", since that's the best they can do in this zero risk market.
Swing Trading QQQ
- Thread starter schizo
- Start date
But we now see a V. The making of
All you can get are these micro dips. Market is simply too unstoppable. I have no idea how this thing dropped a month ago. To even see QQQ fill the gap from yesterday will be an incredibly difficult task.
I bet most of you didn't know why we reversed down earlier. Well, I did.
I might be down, but I ain't out yet. I still have a lot of tricks up my sleeve.
Before I see a definite break above that line, I can't say the trend has completely reversed just yet.
I'll give you the doji star candle which in the past would be bearish. However you've got a $10 weekly gain and I can't recall a time where such a huge green candle for the week was erased.
Post a chart. I have no idea what you're talking about.
Well, the single most valuable statistic for any intraday index trader is that most days by far ain't an Inside Day. I'm sure that alone could be a building block for a trading system.
Personally, I think a lot of the tick-by-tick movement throughout the day is largely random or unpredictable. This is especially true with a market like index futures which is so heavily traded.
For example, this morning push towards 50 was predictable from my point of view, but the afternoon have been much more 'random'. Maybe some would disagree. Maybe I haven't learned enough yet.
Best to stay humble in this game.
At the end of the day, today was nothing out of the ordinary. After a larger move the market tends to see either weak continuation or some consolidation. That final large bar down seemed dramatic, but if one zooms out a bit, we only closed down - 0.25 % on the day on a week that's currently up 1.43 % after a 357.75 points move off the current swing low.