Hi shoppers,
I'm trying something different this week.
I recorded a short video because what I'm watching on the QQQ makes more sense when you can see the chart.
There's one price I need the Qs to hold on Monday. If they open below it and keep trading lower, a reversal pattern I really don't like takes shape.
If they hold it for a day or two, I've got a target for the next leg up.
Monday's open will tell me whether I want calls or puts, and in the video I walk you through the level, the pattern, and how I'd play each side.
I also pulled up the semiconductors (SMH), and they're setting up the same way.
Give it a look before Monday's open.
Licia