I just arrived back from my appointment earlier than expected & wanted to fire this post off asap. QQQ has just hit T2 (second price target for the swing short) as well as the key 200-day EMA with the odds for a tradable bounce decent before the next leg down. Daily chart below.
QQQ daily Oct 26th
GOOGL (Alphabet, class A shares) also offers an objective long entry here at the 121ish support zone & 200-day EMA targeting just below the 127.15 former support, now resistance level, with stops somewhat below. Daily chart:
GOOGL daily Oct 26th
We’ve had quite a few sell signals & additional yellow flags in the past week or so & as such, I wouldn’t get married to these trades if they don’t pan out as the risk for an even larger & swift drop in the market is still elevated at this time. Just passing along for those either wishing to book profits or lower stops to protect gains on either QQQ or GOOGL, if short, or attempt to game an “oversold bounce off support” trade on the long side before getting short again for the next leg down.