Assets charted: Nasdaq’s SPDR (QQQ.O)
Nasdaq’s ETF has an AA rating and a price deflation alert. It also tests support at 129.40. All of the above make it a strong candidate for the “Long the Deflated Winner” DomiStock strategy. The stop loss can be placed just below support. What you want to see as sign of strength is the 7 period hedging trend to get canceled out. First upward target the resistance at 132 and second one the intraday high of the trading session of the 5th of May at 133.48.
