Quite The Move In QQQ
Quite the move today in QQQ, and while this level was the ideal target for the trade setup yesterday I didn't expect it to hit in one day.
Now that we have a five-wave move of one larger degree which could be establishing a larger trend to the downside I likely will look to hold onto the upcoming short trades longer into the target zone as long as we have time left on them.
I was quick to exit the last couple as we really had not confirmed the downward trend and we were hitting some smaller degree support levels so I wanted to lock in profits.