QQQ
The index gapped up on spectacular Micron (MU) earnings, and CPI print this morning. It got pinned right at the 50 day and printed an inside day.
10ma continues to slope down. 20ma and 50ma are flat. Not a good environment for swing trading on the long side. Even though there might be some bullish action and setups, there still isn’t enough for me to start putting on new positions.
My current risk given the market environment: No trading
What I did today
Didn’t do anything today. Just holding TSLA.
Equity + Holdings:
