OUR MODEL WAS SPOT ON LAST WEEK WHEN IT PREDICTED BEFORE LAST MONDAY'S OPEN THAT THE HIGH FOR LAST WEEK WOULD BE EITHER THURSDAY OR FRIDAY!!!
THIS WEEK WE MAY SEE THE SAME OCCURRENCE, BUT HOW HIGH THE QQQ'S GET TODAY AND WHERE THE QQQ'S CLOSE.
IF TODAY'S HIGH IS MORE THEN $1.00 ABOVE TODAY'S OPEN THEN THE ODDS GO WAY UP FOR ANOTHER STRONG WEEK AT LEAST INTO WEDNESDAY
WE WILL ASSUME THAT MARKET STILL CHUGS ALONG HIGHER AND WILL LOOK FOR DIPS TO BUY INTO MONDAY
LETS SEE HOW HIGH QQQ GETS TODAY AND WHERE IT CLOSES TODAY AND DECIDE THEN WHETHER TO HOLD CALLS INTO TUESDAY OPEN
GOOD LUCK
THIS WEEK WE MAY SEE THE SAME OCCURRENCE, BUT HOW HIGH THE QQQ'S GET TODAY AND WHERE THE QQQ'S CLOSE.
IF TODAY'S HIGH IS MORE THEN $1.00 ABOVE TODAY'S OPEN THEN THE ODDS GO WAY UP FOR ANOTHER STRONG WEEK AT LEAST INTO WEDNESDAY
WE WILL ASSUME THAT MARKET STILL CHUGS ALONG HIGHER AND WILL LOOK FOR DIPS TO BUY INTO MONDAY
LETS SEE HOW HIGH QQQ GETS TODAY AND WHERE IT CLOSES TODAY AND DECIDE THEN WHETHER TO HOLD CALLS INTO TUESDAY OPEN
GOOD LUCK
Trade active:
WE WERE LONG YESTERDAY, AND WE ADDED TO THOSE LONGS WHEN THE QQQ WENT UNDER THE MOP THIS MORNING.
NOW ABOVE 308 LEVEL AND WE WILL SELL 1/2 OUR POSITION IF NO NEW HIGH WITH 2 HOURS TILL THE CLOSE.
NOW ABOVE 308 LEVEL AND WE WILL SELL 1/2 OUR POSITION IF NO NEW HIGH WITH 2 HOURS TILL THE CLOSE.
Trade active:
WED LOOKS TO OPEN < TUE HIGH 308.60
IF QQQ DOES NOT GET ABOVE 308.60 WEDNESDAY WE WILL SELL OUR DEC 11 SQQQ 17 PUTS AND SELL OUR DEC 11 307 CALLS AND GO FLAT! AFTER 11 STRAIGHT UP CLOSES IN QQQ WE ARE LOOKING FOR A DOWN DAY. THURSDAY WILL BE A CRITICAL PIVOT DAY, AND WILL SHOW US IF FRIDAY IS THE HIGH OR LOW FOR THIS WEEK.
IF QQQ DOES NOT GET ABOVE 308.60 WEDNESDAY WE WILL SELL OUR DEC 11 SQQQ 17 PUTS AND SELL OUR DEC 11 307 CALLS AND GO FLAT! AFTER 11 STRAIGHT UP CLOSES IN QQQ WE ARE LOOKING FOR A DOWN DAY. THURSDAY WILL BE A CRITICAL PIVOT DAY, AND WILL SHOW US IF FRIDAY IS THE HIGH OR LOW FOR THIS WEEK.