Since QQQ put in a divergent high last Wednesday, it has been in a downtrend. However, as pointed out in the recent video, within that downtrend there has been a clear pattern of overnight selloffs followed by rallies during the regular trading session. Traders should be aware as this has benefited swing traders position short over the last week while providing gains for day traders going long at the open & selling at the close. Futures traders shorting the close each day & covering at the market open the next morning would have also profited over the last week.
QQQ 15-min with AH trades Nov 15th
The black areas on this 15-minute chart show the regular session (9am-4pm ET) trades with grey areas highlighting the after-hours & pre-market trades in QQQ over the past week with the white & yellow arrows showing the clear pattern of the Q’s stair-stepping lower overnight & recovering some (but not all) of those losses during the regular session.