Update

qqq 30Bulls are off to a nice start this morning per the favorite count.  The Nasdaq is getting close to a buy/long Alert trigger (see leading indicators above price already signaling and confirming indicators below closing in).  And while there is still work to be done, a trade above 138 QQQ will trigger the Alert and for the more aggressive trader a close above that level could be an early entry point.  I’ll watch the general market and post should I decide to take that trade before the close.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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