Yesterday was a nice down day for the markets and provided good action for short sellers.The QQQQ trend to me was quite obvious...down. When you see candles like this they provide great opportunities to initiate new shorts or add size to current positions.
If you are wrong and get stopped out, the losses will be small. If you are right , your position is never threatened and you have a jump on the herd.
Later in the day you can see what happened to the QQQQ. The trend continued down.
2nd yellow line marked big volume coming in which is another place to add size as it moves under mid day support.
Use this data from the overall markets in concert to show you the way to trade indivdual stocks.
