ETF-OPTIONS

QQQ WILL FRIDAY LOW BREAK UNDER THURSDAY LOW?

ETF-OPTIONS Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
OUR MOP MODEL HAS BEEN PREDICTING SINCE LAST FRIDAYS ACTION THAT FRIDAY WOULD BE THE HIGH THIS WEEK!!!

WE SEE THAT HAPPENING TODAY IF FRIDAYS LOW STAYS ABOVE THURSDAY 292.00 LOW.

THOSE ODDS DIMINISH IF QQQ BREAKS UNDER 292.00

WE HAVE SEEN AN INTERESTING PATTERN IN 2020...

IF FRIDAY MAKES A NEW INTRA-DAY HIGH AFTER 90 MINUTES OF THE OPEN THEN FRIDAYS HIGH WILL BE IN LAST HOUR TODAY.
IF FRIDAY MAKES A NEW INTRA-DAY HIGH AFTER 60 MINUTES OF THE OPEN THEN FRIDAYS HIGH IS ALREADY IN PLACE FOR THE DAY. (ALL THESE LOWS WERE IN PLACE BEFORE LAST HOUR OF TRADING...BOUNCE INTO CLOSE)

THE ONLY CONDITION FOR THIS PATTERN IS THURSDAY'S HIGH MUST BE AFTER THE FIRST 30 MINUTES ( YESTERDAY THE HIGH WAS AROUND (1:45 EASTERN) )

SO THERE YOU HAVE IT...OUR DATA CAN BE MONETIZED WITH CALLS OR PUTS TODAY
Trade closed: target reached:
WELL THIS WEEKS HIGH WAS $23.66 ABOVE THE MONDAY OPEN (MOP)
ABOUT $19.00 OF THAT WAS GAP UP OPENS. WE WERE CONSERVATIVE AND SOLD OUR 275 CALLS TUESDAY AND MADE A NICE 230% ROI. BUT IT IS A TOUGH PILL TO SWALLOW WHEN WE PAID $1.95 SOLD THEM FOR $6.60 AND THEY HIT $20.00 LATER. AFTER THE ELECTION WE WERE FOOLED ALONG WITH MANY OTHERS AND STUMBLED IN AND OUT OF SOME PUTS WITH SOME LOSSES. WE SAW A FAILURE WAS AROUND THE CORNER ANY MINUTE AND IT NEVER MATERIALIZED!!!

LOOKS LIKE THERE IS CONTINUATION OF THE RALLY INTO EARLY NEXT WEEK...GOOD WEEKEND TO ALL!
Trade closed: target reached:
WE LOST MONEY ON PUTS TODAY WHEN THE 30 MINUTE LOW HELD AND WE RODE THEM UP TO A NEW HIGH AFTER 90 MINUTES. YOU SEE OUR 2020 PATTERN ABOVE? WE SAID NEW HIGH WOULD BE IN LAST 60 MINUTES AND SINCE THE 295.16 HIGH WAS ALMOST TWO HOURS BEFORE THE CLOSE WE ROLLED INTO 293 CALLS WITH 60 MINUTES TO GO AT THE 294-293.50 AREA AND RODE THOSE UP TO THE NEW HIGH WITH 15 MINUTES TOO SPARE. MADE OVER 100% ROI IN 45 MINUTES!

WE HAVE A FREE 72 HOUR TRIAL FOR OUR RECOMMENDATIONS. SEND US A MESSAGE IF YOU WANT TO SEE IF WHAT WE OFFER BENEFITS YOUR TRADING.

HAVE A GREAT WEEKEND
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.