CLICK ON CHART TO ENLARGE
Game Plan…NDX 100 has declined enough to find some key support. Protect the gains in PSQ by adding a tight stop.
If this support in the NDX 100 breaks, odds favor much lower prices. I mentioned how downside momentum would pick up on a support break. Today is a reflection of that support break (see post here)
Van…we have some decent gains in PSQ and the Q’s did bounce off of that support today. Yes at 2% just protecting gains. Support gives way here and PSQ is a screamer!
Chris,
tight stop = ? …2%?
Thx, van
Chris – Hit 2217 this a.m. So is it look out below, or are you looking at a closing number?
Doug