Buy QQQ on the Bounce off Weekly Trend Channel Support
Trade Idea:
Buy QQQ with a stop loss just below 160 (near 158) and a target of 170.
This is a Risk Reward of 2 to 1 since you risk 4 dollars/share and have a potential to gain 8 dollars/share.
Earnings are coming up so this is quite a risky play. I still think the indexes will move higher in the next week though.
I blog almost everyday here: bigfryfinancialmarkets.com
Please like this post to help spread the word :) Have a great Sunday!
Buy QQQ with a stop loss just below 160 (near 158) and a target of 170.
This is a Risk Reward of 2 to 1 since you risk 4 dollars/share and have a potential to gain 8 dollars/share.
Earnings are coming up so this is quite a risky play. I still think the indexes will move higher in the next week though.
I blog almost everyday here: bigfryfinancialmarkets.com
Please like this post to help spread the word :) Have a great Sunday!