Sell short the QQQ at the market, current price $170.55. Use a buy stop at $174.55

Todd Butterfield February 5, 2019

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WWG is at interesting junxure currently. This is our Wyckoff Wave Growth Index which would be like trading the QQQ. The OP (Volume) is going to new highs as marked on the charts while the price is testing the previous high. At the same time the Technometer is extreme overbought. Selling short the QQQ with tight buy stop looks like the appropriate trade here.
Sell short the QQQ at the market, current price $170.55. Use a buy stop at $174.55

Categories: Model ETF Portfolio, Trade Updates

Tags: QQQ, WWG

Todd Butterfield

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