By Licia Leslie
May 23th, 2025
Hi Shoppers,
The Invesco QQQ Trust (Ticker: QQQ) is sitting right at a pivot point:
Once they begin trading below $513, they will trade down to the top of the gap created on May 12th at $501.50.
That is a good amount of room to make some money.
I will be eyeing up the ProShares UltraPro QQQ (Ticker: TQQQ) puts:
I like the Jun6, 2025 67 puts.
Use a close of QQQ over $513 as your stop loss.
Trade Review
I last wrote about a possible harami candle on the S&P 500 (Ticker: SPX) chart. I was right as that change in trend panned out and we have traded lower. I think from here SPX can test $5784.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
