As we await GOOGL earnings after the close today, I figured that I’d share the active trader/day trading opportunity for those interested. Looking for a quick 1% bounce back to 607 resistance level. Comparable/NQ bounce target around 25,087. Also, revering /VIX long to short for a pullback, then back long. Closing the trade out, win or lose, before GOOGL earnings tonight. 60-minute chart of QQQ below.
QQQ 60m Feb 4th
Nothing has changed in my intermediate & longer-term outlook (both bearish) & price targets for QQQ. Just attempting the thread the needle before GOOGL reports.