Short Term Trading

[xe2dy]

I tend to agree with Mitch Meana. Need to watch for a fill of the gap. If I see the market start to move up Monday, I'll close my short and go flat. Then look for a higher QQQ price to short at.

"...If the market rallies to fill this gap early next week the message sent by the market will be very very bearish and suggest no clear bottom is at hand. To put it simply if we continue down to our target of below 1720 intraday get very bullish, if we rally to fill this gap Monday Tuesday and Wednesday get very bearish. As I stated Friday we would know exactly what to do next week based off the first three trading days. Now all we can do is wait and watch and be prepared to execute a very strong trading plan. Good luck and please don't forget to vote each day."

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