QQQ destruction continues as every bounce attempt gets faded. QQQ no attempt to try to reclaim 200 MA yet,it sure seems some tech fund is blowing up. Market reaching extreme oversold condition as you can see from $NYMO chart below and a bounce is likely , doesn’t mean it has to bounce, some small cap names had no bounce in months, however, good to pay attention if you are active trader for short term trend reversal trades. Market needs to close green for a change. Another amazing week in bulls chat room with both long and fade sh0rt trades. Hit and run trading continues.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Get access to our accelerated day or swing trading course with over 20 hours of content, access to our trading chatroom, live market commentary, and much more. Learn what it takes to succeed in the best profession in the world.
Check out our watch list and game plan:
