Trading the SPY and QQQ

[bbgold]

Hi Trader, Yes, Gap Up or Gap Down
It has not mattered to the markets they just keep Bouncing. I am wondering now if we are going to continue seeing the market having stronger selloffs now that we are close to Major Resistance at 9000. That was the case yesterday and today. I think that many are Anticipating that the Resistance will not be broken. I am not so sure and think that it is Possible to go Higher. From the way that we track the Dow to the FTSI it is Anticipated that we get another selloff in the afternoon and into the Close. Not sure if that will happen but using a tight stop looks like a good idea. Markets are still looking Bullish but I am wondering if we get another scare at 1400 Nas and 8960 Dow? Nasdaq breaking 1400 here could get us having a Breakout on the Dow and S&P though. The Nasdaq has been leading the other markets so let's see which way it goes :^)

Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!