Sunday, October 5, 2014

QQQ - update

Take a quick look at the QQQs.

Undervalued (Oversold) region has always bounced.

Trend line resistance. This pullback reminds me of pullback (chops) during March. It held 89 EMA, before breaking during April.

The Question is Will this breakout above the trend line or break 89 EMA?

Let the future unfold.

Always position yourself based on RISK. When you position for RISK, you can leave the answer to future price action. If you take positions beyond what you can lose, you will spend more time looking at a chart. Will that change anything?

Market can take a plunge / breakout. No Matter how many hours one looks at a chart, the market does its own thing.

Link to TVI -

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