Nasdaq Special Edition: QQQ
Is It Time For the Pop??
Hello Traders,
This week, we're turning our focus to the NASDAQ, specifically the QQQ 0.00%↑ . From a technical standpoint, we’re maintaining a bullish perspective and I want to share with you the key levels I’m watching for a potential entry. I'll also outline what needs to hold for us to continue this upward trajectory, as well as where the trade becomes invalidated to ensure we have a well-defined risk-to-reward ratio.
In my view, this setup presents a high-probability trade, but as always, it’s crucial to manage your risk conservatively. Do your own homework, and make sure this trade aligns with your personal strategy.
We’re heading into a week packed with red tag news events from Tuesday through Friday, so be prepared for some volatility. Let's put these insights to work and make the most of the opportunities ahead.
Wishing everyone a fantastic and profitable week. Let’s get out there, execute our strategies, and conquer the markets!
Cheers,
Ryan Bailey
Our QQQ trade was invalidated before the open! so NO trade here .
This is why I discuss both entry and the stop/ invalidation!