Invesco QQQ Trust Series 1 (QQQ)

[frenchee]

swing man, 38.25 is only a SWAG in that it's the current value of QQQQ's lower Bollinger Band and it's around the values of the 100 and 200-day SMAs. I'm not riding the short side here as I was stopped out of my long today and we are too close for potential support. Assuming the intermediate term has changed here, I'll be looking to short when QQQQ is trading above its 5-day SMA and below its 21-day SMA. I've found thru trail and error this conbination of SMAs allows me establish or add to shorts on short-term swing highs while the intermediate-term trend is down.

I can also see 38.05 had many touches in June. If 38.25 doesn't hold, I could see 38 or so holding--your target of 38.05 is not out of the question...

See ya,