QQQ looks primed for a nice rally in the final 30 minutes of trading today with an objective long entry here with a stop somewhat below for a potential day trading opp for aggressive/active traders.


The 60-min PPO signal line (an intermediate-term trend indicator) is still bullish, testing the zero level now while QQQ falls to the key 161.66ish support level & /NQ (Nasdaq 100 Emini futures) also fall to key support. Unofficial trade idea only. Another options is a hybrid swing/day trade where a day trade (over-sized) position is taken here, closing the bulk out before the close, win or lose, while taking home a swing trade sized position over the weekend for a potential gap up on Monday.