QQQ continuation…

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Well after yesterday’s late afternoon breakdown in the QQQ over the last hour of trading, I felt that we should get some follow through to the downside, the only question was how far would the Q’s drop. The QQQ sold off nicely during the first 5 minutes and I felt price would continue lower even thou support was near. I was in short at 105.27 and price just collapsed hitting my first target @ 104.88 where I covered 1/2 of my share size. My next target was 104.20 but price started to find support in the .50 cent area where I finally covered another 1/4 of my shares leaving the last 1/4 for a possible breakdown to my lower target. I had one add and reduce in the 104.68 area but soon I found myself trailing out of my final shares @ 104.97. A great way to start the month of April…

QQQ 04012015

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