Wed. Market Forecast

Things are looking up for Wed. as the QQQ and SPY both flashed bottom signals and are showing a new channel upward. Lets take a look.

As you can see in the chart above, the QQQ is showing reverse double hammers, which is a big bottom signal.
To reaffirm things, we check SPY, another Nasdaq etf, and we also get a bottom signal:

This has a candle with a solid white body with a long bottom tail, another good bottom signal.
This was so clear we got in with calls for both the QQQ and SPY.

So tomorrow: Up.

Happy Trading,

Tradinginsider