Hello, this is Nasdaq Alpha. Based on our current market analysis and price action, here is an update on our QQQ swing trading setup.
Entry Price: 710.93
Target & Commentary: In our previous post, we mentioned planning to exit above $725. However, after pushing up to 724.13, price failed to break through $725 and has pulled back. It is currently 11:36 AM Eastern Time, and price is hovering around 714.62. Since we aren’t taking a loss here, we’re going ahead and closing the entire position. Market direction is quite ambiguous right now with room to move either higher or lower, so taking a modest profit off the table is the prudent move.
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