The single most important pivot (bottom) over the past year+ was the morning of Aug 5th so you must have taken that day off (and the other 2 major lows) when I posted a clear call covering all shorts & going to a hard/full long positioning with plenty of reasons cited. While there have been plenty of other long entries posted, for the most part, that A

https://rightsideofthechart.com/qqq-spy-nvda-all-hit-next-l-t-price-targets-8-5-24/

https://rightsideofthechart.com/nq-nasdaq-100-futures-6th-price-target-hit-8-5-24/

In fact, there have only been 3 distinct reaction lows over the past year in QQQ: April 19th (which I posted covering shorts to go long as a bounce was likely: https://rightsideofthechart.com/qqq-coming-up-on-2nd-price-target-bounce-likely-4-19-24/ )

Aug 5th (those links above)

..and Sept 6th (see following link), which puts me at 100% for covering any shorts and/or going long at every major bottom over the past year (see chart below): https://rightsideofthechart.com/falling-wedges-on-stock-indexes-nvda-avgo-at-support/

The trade setup for active traders. I trade professionally & am very much an active trader, often making a dozen or more trades per day, especially when volatility (price swings) are high, like they have been lately.

The primary focus of this site is swing trading (trades with holding periods measured in weeks to months) although I will often share setups for active traders (holding periods measured in hours or days). That setup was posted this morning in this post although I also made a point to speak to how a typical swing trader might view today’s bounce:

https://rightsideofthechart.com/nq-qqq-resistance-levels/

There are never long calls on NQ/QQQ just short and I’ve been watching here for over a year.