QQQ (Nasdaq 100 tracking ETF) will be added as an Active Long Swing Trade around current levels. The price targets for this trade are T1 at 217.08, T2 at 220.30 & T3 at 223.58. The suggested stop is any move below 208.77 and a suggested beta-adjusted position size of 1.0.
QQQ 60m 3 Feb 27th
I just wrapped up a video that covers some of the reasoning for going long QQQ as an official trade at this time, despite the current powerful downtrend. This is most certainly an aggressive, counter-trend “catch-a-falling-knife” trade so as always, pass if it does not mesh with your trading style, risk tolerance and/or outlook for the stock market. The video will lay out some additional, objective buy triggers & will be posted shortly .