The QQQ short entry posted yesterday at 609.65, essentially at yesterday’s HOD (high-of-the-day), was good for a quick ~3% profit, so far. Active traders could book the quick gains, while typical swing traders might opt to lower stops if holding out for a downside break of the trading range. As stated in yesterday’s video, any bounces back to resistance still offer objective short entries or add-ons, hence the reason those bounces to resistance were posted before the close yesterday. Previous & updated 5-minute charts below.
QQQ 5m March 2nd
QQQ 5m March 3rd
Likewise, the /NQ (Nasdaq 100 futures or /MNQ, micro futures which trade off the same chart/levels) short entry at 25091, also essentially at yesterday’s HOD, was good for a quick ~3% profit, so far. Active traders could book the quick gains, while typical swing traders might opt to lower stops, if holding out for a downside break of the trading range. Overhead resistance levels, should /NQ bounce, are show on the previous & updated 60-minute charts below.
NQ 60m March 2nd
NQ 60m March 3rd