Jenny Rebekka's Blog (1)

Anytime you analyze any trade you must figure out how much reward there is versus how much risk you are taking. Reward has to be the obvious winner by a mile. When looking at the PowerShares QQQ Trust, Series 1 (ETF)(NASDAQ:QQQ) chart, and deciding whether or not to go buy or short, look for support and resistance lines.

On the QQQ chart, there is very limited upside until you fill the gap from the Brexit catastrophe. In reality, there is only about $0.50 of upside left until…