NQ Trade Ideas
NQ had a nice recovery today so far, but remains below 20k. It did reclaim a major trendline for now, but is also forming an ascending wedge on shorter term time frames. I like patterns like this one, ascending wedge that is peaking right near 20k resistance. Could be a big move down if it rejects and then also falls below the major trendline below. I'm prepared to play calls as well if it goes the other way, this area should provide a good move either way.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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