Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,

Friday, November 16, 2018

Long Idea QQQ and SNPS

This is written before 3:00 pm, so the close is yet to be seen, anyway as they say, speculation needs a bit of anticipation so let’s see.

A succession of lower lows was interrupted for the qqq
Very important, the ema(21) was penetrated yesterday
The qqq is developing what looks like, in chartist language, “an inverted heads and shoulder pattern”
So what we need is the completion of the HS pattern with a close above 168.1

What we need for opening a long in SNPS is
QQQ breaking above 168.1
SNPS breaking above the high of the last ema(21) break
Stop loss below the last higher low, it should hold for a successful swing high

Shalom everyone

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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com