Replies to post #7155 on Invesco QQQ Trust Series 1 (QQQ)

[farooq]

Well so far so good but question is could we test 80 on QLD, sure we can but we face resistance at 77.83 and we closed tad below. My thinking is after consolidating here for day or two we will attempt second on Wednesday which also could fail but Thursday, Friday should take us higher.
This whole picture fade away if we close below 70.
Instead of having long shares here I will be long by long call spread till it becomes bit more clear.
As of today I will stay long as long we do not close below 75.50.
Good luck and happy trading.