QQQ A move is a comin

19 Eyl 2023

We see a bounce off this year-long trend line happening currently on the QQQ. I would like to see a close in a hammer formation. Really looking for that 370.75 area to be reclaimed. The weekly and monthly setups are still looking pretty bullish. The FOMC tomorrow could be the catalyst to push this either way. A break below 366.70ish is is an ugly event to me this afternoon before FOMC. There is currently so much chop though. Looking to stay out of here until Thursday. Might take a poor mans spread on the QQQ before tomorrow though.