The markets are set to open lower today. This maybe another gap down and a chance to ride it back up through out the day today. That worked out well for me yesterday. However there is plenty of negative earnings news in the Financial sector today. So this maybe just a down day all day long. I will see how the open goes and decide if I want to follow any intraday trends I see for day trades. I may also just sit it out for today.
S&P 500 (MAR) -12.25
| Nasdaq (MAR) -12.75 | Dow (MAR) -92
QQQQ Pivots for today are as follows:
Looking at the 15 day chart I typically use we may see some additional upside on the Q's to the mid-49 level over the next couple of days, but the trend is not definitive. It maybe just best to ride it out for a while until something emerges.
I still see the short term trend on the daily chart as pointing down. The weekly chart is still maintaining a long term trend of heading higher.
S&P 500 (MAR) -12.25
| Nasdaq (MAR) -12.75 | Dow (MAR) -92 QQQQ Pivots for today are as follows:
| R2 | R1 | Pivot | S1 | S2 |
| 49.02 | 48.51 | 47.90 | 47.39 | 46.78 |
Looking at the 15 day chart I typically use we may see some additional upside on the Q's to the mid-49 level over the next couple of days, but the trend is not definitive. It maybe just best to ride it out for a while until something emerges.
I still see the short term trend on the daily chart as pointing down. The weekly chart is still maintaining a long term trend of heading higher.
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