Similar chart pattern on Thursday for the third time in a month: small gap at the open, then small indecision candlestick, possible an evening start formation?
QQQ up the last three session, time for a breather.
Also the Dow found resistance yet again at the 200 days line, plus the SP500 is at the top of the trading range since June 11.
Long SDS at close of trading to capture a drop on the SP500 on Monday (Friday market is closed). Don't want to short the Nasdaq as this is the strongest of the 3.
Drop should be short lived if the pattern continues.
QQQ up the last three session, time for a breather.
Also the Dow found resistance yet again at the 200 days line, plus the SP500 is at the top of the trading range since June 11.
Long SDS at close of trading to capture a drop on the SP500 on Monday (Friday market is closed). Don't want to short the Nasdaq as this is the strongest of the 3.
Drop should be short lived if the pattern continues.
Keep it simple: price action and volume