The last few days the market and the Q's specifically have been in a narrow trading range and probably just setting up for a break out one way or the other. The question is which way. I don't see much upside potential...but maybe that's just because I'm currently sitting on puts. We will see soon I suspect.
The last two days the Q's have opened at $38.78 and $38.76 repsectively and closed at $38.67 both days also. That's a bit weird. Both days the RSI(5) hasn't closed an hourly bar below 30 or above 70 and therefore I've stayed put with my bearish inclination in the short term. Hopefully today we will have a good move. The futures are currently pointing down a bit and pre-market trading on the Q's is around $38.68.
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