QQQ opened at $737.96, -0.8% from the prior session. The high of the day came on the 9:45 AM bar at $740.44, and the low on the 3:05 PM bar at $726.45. The last 5-minute bar closed at $728.99, -2.0% from the prior close, with a range of 1.9% in one session.
The September consumer price index came out that morning with higher-than-expected price pressures, and Chicago Fed President Austan Goolsbee called the data "discouraging" (Reuters, via Yahoo Finance).
Could you have traded it?
Play the day from the open in Market Replay with the rest of the chart hidden, and trade it the way you normally would. These are the questions I'd want an answer to by the close:
- After the gap down, the first few bars bounced. Did you buy that, short it, or wait to see if the gap would fill?
- Once it slipped back under the open, did you short it, and where was your stop?
- It drifted lower for most of the day with small bounces along the way. Did you short the bounces or wait for a bigger move?
- The low came about an hour before the close. Where did you take profit on a short?
You don't need an account to replay this day and trade it.