Cobra's Market View Private Messaging System shows:
The bottom line, the short-term trend is up. I hold partial long position overnight mainly because the mini target not met not because it’s safe to hold overnight.
Tomorrow is very special as you all should remember the 9.11 event which, believe or not, may have changed the history of mankind. And ever since 2003, QQQQ hasn’t lost any single day on either Sep 11 or Sep 10 or 9 if Sep 11 was weekend. This is so called the Patriotic Rally. So are we going to have yet another Patriotic Rally tomorrow?
The trick about QQQQ for tomorrow isn’t so good though, more likely gap down if not red and looks to me the market will eventually drop far below today’s close in the near future.