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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026






Wednesday, November 13, 2013

QQQ - Buying More Dec. Puts

Based on all daily charts being on sell for the major indices, I'm taking another shot at the Q's here. The wave count invalidation is at 83.41 so that's where the stop should be placed.

Chart:


Price is currently bumping up against the 61,8 retrace of the white wave i down. So far it has touched this level 3 times. Gann Rule of 4 states that it will break above this level on the 4th try, so that's something I'm currently watching.

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