Congrtulations! Looks like QQQ will arrive at our first target of 493 today. A big run up since it broke the 460 on 9/11. Bigger picture wise, nothing has changed, QQQ could reach ATH before end of the year (520).
Originally, I was thinking QQQ could pull back a little bit at 493 since this is the last gap it needs to fill before charging higher, so, i had planned to do some swing trade and maybe take some profit at 493. But looking at the pre-market future movement, and also the fact QQQ has consolidated around 480-485 for a long time, i would look at the price action today to decide if it is worth doing this swing trade.
Checking TA, all signals show uptrend and weekly momentum signal will almost for certain turn green from red (unless we have a big sell off tomorrow)
For a more simplifed strategy, we could totally ignore this potential swing trade opportunity and just hold until ATH, and also "buy on any dip".
Good luck.
