Replies to post #6995 on Invesco QQQ Trust Series 1 (QQQ)

[farooq]

Hi NetN,
I agree but my work show momentum taking ES to 1938 to 1945 level now by weekend, there were to many shorts, covering only 345K shot up price about 32 points, even retrace is postponed IMHOP to 2 days and it might be 1 1/2 day wonder.
It will spin EW people head off every one hoping to cover at 1845 in 2 wave, where as seems like it did it on Friday already so we are wave 3.
I covered my short @ 1873 and put some @ 1886. Which will be covered where my program is saying.
Good luck and happy trading.
Just finished snow from dive way so we can go out. Ice is expected in 3 hours.