NADSAQ/QQQ Support & Resistance Range Analysis
We have been trading in range since last Friday, i am looking for volatility to come in very soon either tomorrow or Friday after we have been tightening up for some time.
I am sightly more bullish because i am looking for a weekly higher low, if this isn't the weekly higher low i would get stopped out with a small loss at these levels as now we have a clear double bottom support level to look out for with QQQ/NASDAQ.
Currently holding a TQQQ position $21.57, if we break bear tomorrow will likely stop out with a small loss.
I am sightly more bullish because i am looking for a weekly higher low, if this isn't the weekly higher low i would get stopped out with a small loss at these levels as now we have a clear double bottom support level to look out for with QQQ/NASDAQ.
Currently holding a TQQQ position $21.57, if we break bear tomorrow will likely stop out with a small loss.