Wednesday, August 7, 2019

SPY and QQQ Zone Trades Today

  Below are today's newsletter Index zone trades for the SPY and QQQ



  1. SPY: Breakdown short off the 184 zone, QQQ agrees breaking through its zone, Result: out at next zone for a nice trade
  2. QQQ: Fade Long off the 181.00 zone, SPY agrees and room until next zone - sold half of QQQ when SPY retested its zone, nice winner
  3. SPY: Fade Long of the 284.50 zone, QQQ agrees - nice winner

HOW I DAY TRADE - MARKET NEWSLETTER The Newsletter is a service for active traders with a focus on short term Buy and Sell Zones and is provided for educational purposes. The purpose is to educate traders on short term trading setups through a two-step process of selecting Daily Charts and applying intraday trading setups. Always use a Stock trading simulator to test, master strategies and become more educated in the markets before risking real money. Become successful on a simulator for a minimum 6 months before risking your money and always use a stop. If the markets conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. A missed trade is better than a losing trade.

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE