QQQ 15 minute April 20th
QQQ is approaching this resistance zone, the top of which is defined by both horizontal resistance & the 61.8% Fib retracement. With the short-term trend indicators (15-minute time frame) still solidly bearish despite this morning’s bounce, I just added back some more of the short exposure on the broad markets (QQQ & IWM) that I closed out on Friday along, also adding to the CTSH short trade here as is approaching horizontal resistance around the 61.50 area.