If QLD (leveraged long Qs) drops down in the $70-70.50 range, I will likely take a position. It wouldn't be surprising for the bounce to reach the 50 day ma around $75. I would likely make $74 my target and place a stop in the $68-69 range.

The trading diary of Paul J. Singh. I trade full-time and empower traders by making the complex simple. I can be contacted at SinghJD1@aol.com
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