QQQQ Swing Trade Short ...
The Swing Trade Short that was established at Tuesday's area of "Gathering Resistance" ($42.08 on the nose)...
was closed this morning when the QQQQ fell to Thursday's area of "Gathering Support" between $42.57 and $42.51.
The minimum profit from this trade was 51 cents per share.
The maximum draw down for the trade was 2 cents when the QQQQ rose to a high of $42.10.
In addition, a "Swing Trade Long" that was established at Thursday's area of "Gathering Support" between $42.57 and $42.51 was closed a few minutes later when the QQQQ spiked to Thursday's area of "Gathering Resistance" between $42.08 and $42.30.
The minimum profit from this trade was, an additional 51 cents per share.
A Swing Trade is defined as a trip from "Gathering Support" to "Gathering Resistance" or vise versa.
It ordinarily takes more than one day to close a Swing Trade. On rare occasions, however, a Swing Trade can be closed within the same day that it is established. That's what happened with Thursday's Swing Trade Long.
Buy at Support
Sell at Resistance
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