SPDR S&P 500 (SPY)

[farooq]

Why not go long QLD if you think it can reach up to there?

I am long QLD as I posted.
RSI gave early sell and then CCI went below 100 then backed up so we are close to a trend change on 5 min chart.

Actually all are on sell now while I am writing, with stop at 50.12, I am talking about QQQQ. This is intra day signal.
I do not expect it to break 49.70 area.

QQQQ is projecting a target of 52.60 in next 4 weeks, IMOP.


Farooq