Tuesday, July 3, 2012

QQQ out to 3 min

 QQQ 3 min negative leading...

This is why I would not be shorting the market here and rather looking for a pullback entry and holding established longs that were picked up for this move and as a hedge to core shorts.

The QQQ 15 min is looking very good overall, the accumulation event on the 28th can be seen here, it is VERY strong. However we still have that current 15 min ngative signal, this suggests to me nothing more than a pullback in which smart money is likely to accumulate in to, although they already did a lot of accumulation as you can see.

Be patient, let the trade come to you and remember there's a bus every hour.

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