Bought the dip

Safe trading
Safe trading
May 6, 2019
Cracks appearing
Cracks appearing
May 7, 2019
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Bought the dip

Buyers bought the dip and defended where they needed to defend this morning.

As mentioned in this week’s Weekly Outlook video, the previous all-time highs (187.53 area) on the QQQ’s which was once resistance has become support.

The QQQ’s remain in an uptrend but currently trading in a tricky little broadening formation.

The issue now becomes that we are trading and sandwiched between the weekly open and the monthly open. Watch how it resolves.



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Bought the dip

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