$QQQ at the bell
Small gap down on pre-market, no reason to be surprised after a big run last week. We are probably breathing a bit. 
QQQ is opening below yesterday's Pivot Point (315.71) and below the 15min EMA (312.96) these levels could be used as resistance but keep in mind that the 50ema levels change since this is a smoothing tool so go by the trendline and not by the 314.12 level. For the downside, I will be looking at 312.09 as support which is -1 Standard Dev on the 1min chart, and from Friday. I will probably just sit for the 1st 15-30min to let the market pick a clearer direction for today before I make any moves. Good luck today!
QQQ is opening below yesterday's Pivot Point (315.71) and below the 15min EMA (312.96) these levels could be used as resistance but keep in mind that the 50ema levels change since this is a smoothing tool so go by the trendline and not by the 314.12 level. For the downside, I will be looking at 312.09 as support which is -1 Standard Dev on the 1min chart, and from Friday. I will probably just sit for the 1st 15-30min to let the market pick a clearer direction for today before I make any moves. Good luck today!
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