Thoughts for tomorrow Thursday Sept. 12
Big upwards move today after a brief low below yesterdays low(sep 10),
qqq closed near daily highs and right on the top of an 13 day downwards trendline (A)which could be resistance. If we break through that next resistance is 473 followed by July 11 high downward trend line resistance 0f 477. If we cant break the 11 day old downward trend line I will favor the short term short trade on a 5 = 15 minute chart and trade on a trendline point of view.
qqq closed near daily highs and right on the top of an 13 day downwards trendline (A)which could be resistance. If we break through that next resistance is 473 followed by July 11 high downward trend line resistance 0f 477. If we cant break the 11 day old downward trend line I will favor the short term short trade on a 5 = 15 minute chart and trade on a trendline point of view.
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