Looking at $QQQ into Monday: the ideal setup would be futures bleeding red overnight, opening deep in the red, then dip buyers stepping in hard to flip it green by close. Think long lower wick, almost hammer-like candle—classic interim bottom signal for the week.
This is pure speculation though. Nobody knows how Monday opens. But that's the pattern to watch if you're hunting for a short-term reversal play. Red open + aggressive bounce = potential bottom in. If we don't get that flush and reclaim, the setup falls apart.
This is pure speculation though. Nobody knows how Monday opens. But that's the pattern to watch if you're hunting for a short-term reversal play. Red open + aggressive bounce = potential bottom in. If we don't get that flush and reclaim, the setup falls apart.