Nasdaq 100 ETF (QQQ): Long
i) Price action exhibiting a parabolic low near the 200-period (30min) Linear Regression Channel within a slightly positive 200-period linear regression.
ii) RSI and wave-trend oscillating suggesting possible long scenario
iii) Long target 1: 286.5 (linear regression channel mean)
iv) Long target 2: 289.5 (most recent intersection of 20-period sma and 200-hma)
v) StopLoss target: 279 (bottom of linear regression channel - 2-std below mean)
i) Price action exhibiting a parabolic low near the 200-period (30min) Linear Regression Channel within a slightly positive 200-period linear regression.
ii) RSI and wave-trend oscillating suggesting possible long scenario
iii) Long target 1: 286.5 (linear regression channel mean)
iv) Long target 2: 289.5 (most recent intersection of 20-period sma and 200-hma)
v) StopLoss target: 279 (bottom of linear regression channel - 2-std below mean)