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March 21 NASDAQ Update – QQQ Back Above the Yellow Trendline

The NASDAQ had a bullish rebound from yesterday’s FOMC announcement, and $QQQ is now trading above the yellow trendline again. Looks like we are continuing to trade around the trendline for longer, and my next few trades will be shorter term swings around the trendline. The price is above the yellow trendline, and this is a good price level for adding onto shorts. I will close out shorts below the yellow trendline and open longs under the trendline until the markets are ready to drop.

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