Profunds index and sector trading

[ajtj99]

Looking long at 1462 COMP. Stop at 1459 COMP. Target 1490-1494 COMP. When you buy the lower wedge line, the stop loss is pretty tight. This would be strictly a day-trade if done.

May Max Pain on the QQQ is at 27. How are we going to fool around for the next 12-trading days if we don't burn some shorts?

As for the BPCOMPQ, it's broken a double top and moved towards the 55-56 level, the next area of resistance. There's a whole lot of space between here and there. There we also have the triple top issue to deal with if we get there, so we'll have to possibly look for a double top at 82 on the BPNDX.