Play it again sam!

Share Button

  Well it was another dull day for trading the stock market.  I only had one long on my list and it went short.  The market (QQQ) had a small gap down but then went sideways for most of the day.  Finally at 2:15 pm reversal time, price in the QQQ broke down below the low of the day of 97.08 closing the 15 minute candlestick with a solid red bar.  I'd been watching all day as price kept testing the area but could not break through.  I knew if it did my target was at 96.44 cents a nice lower void below. My entry was just near the low of the 2:15 pm red bar on the 15 minute chart at 97.07.  Price moved down nicely but at one point I thought price was going to bounce.  The Q's finally rolled over and headed to my target, but I found myself covering my shares at 96.66, as I was running out of time for the day and I did not want to set through another pull back fearing price would be worse than 96.66. Overall another great play in the Q's...

QQQ 10072014
QQQ 10072014
This entry was posted in Market Trade and tagged , . Bookmark the permalink.