The QQQ long swing trade added earlier today was hit for a minor 1.6% loss. Stops were kept unusually tight on this trade for several reasons, including the fact it was very much a counter-trend trade as well as the fact the stop was set strategically based on the resistance levels that were taken out earlier & since failed to hold. Previous & updated 60-minute charts below.

QQQ is still on watch for another long swing trade entry, quite possibly on a break above this 60-minute falling price channel. This trade & the previous post will now be moved to the Completed Trades archives for future reference. A closing market wrap video will follow asap.