QQQ WEDNESDAY HIGH BREAK TUESDAY HIGH? MOP TRADE SETUP
UNLESS WED HIGH BREAKS ABOVE TUE HIGH AND ACCEPTS THE HIGHER LEVEL THE QQQ'S ARE GOING TO ROLL OVER AND TARGET A LOW BELOW MONDAY'S LOW 282.79. TUESDAY'S RANGE WILL BREAK TODAY!
IN 2020 THERE HAS BEEN ONLY 2 (2/42=5%) WEEKS WHERE WEDNESDAY HIGH WAS BELOW MONDAYS OPEN (MOP)...AND BOTH THOSE WEEKS WERE MONDAY HIGH WEEKS!
OUR MODEL HAS BEEN FIGHTING THE TAPE SINCE LAST MONDAY, AND IF WED HIGH DOES NOT TAKEOUT 287.62 AND STAY ABOVE THAT LEVEL THEN GRAVITY WILL TAKE OVER.
FOR TODAY WE ARE GOING TO ROLL OUT OF OUR CALLS WE BOUGHT INTO THE CLOSE TUESDAY...MAKE A PROJECTED 30% ROI, AND LOOK FOR A PUT TRADE.
WE WILL ADVISE OUR SUBSCRIBERS THE FOLLOWING:
BUY 283 PUTS UNDER THESE SCENARIOS:
1. WATCH THE MORNING HIGH AND IF THE QQQ'S GET UNDER THE VWAP AND CANNOT TAKE OUT THE HIGH BUY 283 PUTS
2. IF THE 30 MINUTE HIGH BREAKS, AND THE NEW HIGH IS NOT ACCEPTED FOR MORE THAN 5 MINUTES BUY 283 PUTS
3. IF THE 30 MINUTE 30 IS BROKEN, AND THE QQQ'S CANNOT GET BACK ABOVE THE VWAP BUY 283 PUTS.
TESLA IS REPORTING AFTER THE CLOSE TODAY, AND IT DOES HAVE INFLUENCE IN THE QQQ BASKET, SO WE WILL ADVISE NEAR THE CLOSE TODAY IF WE ARE HOLDING ANY PUTS INTO THE EARNINGS.
GOOD LUCK TODAY!
IN 2020 THERE HAS BEEN ONLY 2 (2/42=5%) WEEKS WHERE WEDNESDAY HIGH WAS BELOW MONDAYS OPEN (MOP)...AND BOTH THOSE WEEKS WERE MONDAY HIGH WEEKS!
OUR MODEL HAS BEEN FIGHTING THE TAPE SINCE LAST MONDAY, AND IF WED HIGH DOES NOT TAKEOUT 287.62 AND STAY ABOVE THAT LEVEL THEN GRAVITY WILL TAKE OVER.
FOR TODAY WE ARE GOING TO ROLL OUT OF OUR CALLS WE BOUGHT INTO THE CLOSE TUESDAY...MAKE A PROJECTED 30% ROI, AND LOOK FOR A PUT TRADE.
WE WILL ADVISE OUR SUBSCRIBERS THE FOLLOWING:
BUY 283 PUTS UNDER THESE SCENARIOS:
1. WATCH THE MORNING HIGH AND IF THE QQQ'S GET UNDER THE VWAP AND CANNOT TAKE OUT THE HIGH BUY 283 PUTS
2. IF THE 30 MINUTE HIGH BREAKS, AND THE NEW HIGH IS NOT ACCEPTED FOR MORE THAN 5 MINUTES BUY 283 PUTS
3. IF THE 30 MINUTE 30 IS BROKEN, AND THE QQQ'S CANNOT GET BACK ABOVE THE VWAP BUY 283 PUTS.
TESLA IS REPORTING AFTER THE CLOSE TODAY, AND IT DOES HAVE INFLUENCE IN THE QQQ BASKET, SO WE WILL ADVISE NEAR THE CLOSE TODAY IF WE ARE HOLDING ANY PUTS INTO THE EARNINGS.
GOOD LUCK TODAY!
Trade closed: target reached:
WE SOLD OUR 288 CALLS INTO THE HIGH AND MADE 30% ROI
NOW WE ARE GOING TO BUY PUTS IF THE VWAP HOLDS ANY TEST
NOW WE ARE GOING TO BUY PUTS IF THE VWAP HOLDS ANY TEST