MONDAY'S RANGE WILL PLAY IMPORTANT KEY TO THIS WEEK!!!
WITH 1 30 MINUTES BEFORE MONDAY OPEN IT LOOKS LIKE QQQ WILL OPEN > FRIDAY'S HIGH 301.98
QUESTION:
WILL MONDAY GET UNDER FRIDAY HIGH 301.98?
IF MONDAY'S LOW STAYS ABOVE FRIDAY HIGH THEN QQQ HAS MUCH UPSIDE AGAIN THIS WEEK.
IF MONDAY'S LOW GETS UNDER FRIDAY HIGH AND CLOSE UNDER FRIDAY HIGH THEN WE WILL SEE CONTINUED SELLING AND SHOULD MAKE A LOWER LOW THIS WEEK (UNDER 298.09)
GOOD LUCK!
QUESTION:
WILL MONDAY GET UNDER FRIDAY HIGH 301.98?
IF MONDAY'S LOW STAYS ABOVE FRIDAY HIGH THEN QQQ HAS MUCH UPSIDE AGAIN THIS WEEK.
IF MONDAY'S LOW GETS UNDER FRIDAY HIGH AND CLOSE UNDER FRIDAY HIGH THEN WE WILL SEE CONTINUED SELLING AND SHOULD MAKE A LOWER LOW THIS WEEK (UNDER 298.09)
GOOD LUCK!
Trade active:
THE GAP UP OPEN MONDAY WAS VERY BULLISH, ESPECIALLY WHEN THE WEEK'S LOW WAS BASICALLY MONDAYS OPEN 303.01
THIS STILL HAS ROOM TO RUN INTO NEXT WEEK, AND WE EXPECT FRIDAY TO BE THE HIGH FOR THE WEEK.
SANTA CAME EARLY...ACTUALLY NOV 2ND!!! WE ARE LONG 310 CALLS AND PLAN TO HOLD THEM INTO TOMORROW.
ONE STAT WORTH MENTIONING. WHEN THURSDAY'S 1ST 30 MINUTE LOW IS MORE THAN $1.00+ ABOVE WEDNESDAY CLOSE...THE QQQ'S HAVE NEVER FILLED THAT GAP ON THURSDAY'S. THAT IS WHY WE BOUGHT CALLS INTO THE 309.39 LOW EXPECTING TODAY'S LOW ABOVE 308.98.
GOOD LUCK
THIS STILL HAS ROOM TO RUN INTO NEXT WEEK, AND WE EXPECT FRIDAY TO BE THE HIGH FOR THE WEEK.
SANTA CAME EARLY...ACTUALLY NOV 2ND!!! WE ARE LONG 310 CALLS AND PLAN TO HOLD THEM INTO TOMORROW.
ONE STAT WORTH MENTIONING. WHEN THURSDAY'S 1ST 30 MINUTE LOW IS MORE THAN $1.00+ ABOVE WEDNESDAY CLOSE...THE QQQ'S HAVE NEVER FILLED THAT GAP ON THURSDAY'S. THAT IS WHY WE BOUGHT CALLS INTO THE 309.39 LOW EXPECTING TODAY'S LOW ABOVE 308.98.
GOOD LUCK