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ETF-OPTIONS
Oct 26, 2020 12:12 PM

QQQ MOP TRADE WEEK BEFORE ELECTION 

NASDAQ:QQQ15
Invesco QQQ Trust, Series 1NASDAQ

Description

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LAST WEEK BEFORE AN ELECTION IS USUALLY NOT BULLISH. THIS WEEK WE HAVE MOST OF THE BIG BROTHERS REPORTING!!!

WHAT OUR MODEL IS PREDICTING IS A LOWER LOW THEN LAST WEEK (280.82)

MONDAY'S OPEN IS LOOKING WEAK, AND THAT WILL GIVE THE QQQ'S THE CATALYST TO TACKLE LAST WEEKS LOW QUICKLY!

LOOKING FOR MORE VOLATILITY AGAIN THIS WEEK, SO BEING NIMBLE WILL BE AT A PREMIUM!

1ST 30 MINUTE LOW HOLDS=BUY CALLS
1ST 30 MINUTE LOW BREAKS=BUY PUTS

WE WILL BUY PUTS IF 1/2 LOW BREAKS AND VWAP HOLDS NEXT HIGH.

Trend AnalysisChart PatternsTechnical IndicatorsQQQsp500indexsp500futurenasdaqNASDAQ 100 CFDNASDAQ 100 CFDNASDAQ 100 CFD
Comments
jaxcek
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Doesn't seem to be able to bounce back up from this level... Next support around 277. Missed the beginning of the fun today and waiting for a chance to join the ride down :)
ETF-OPTIONS
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@jaxcek, OUR MODEL WILL LOOK FOR TOMORROWS LOW VERSUS TODAYS LOW AS THE CATALYST FOR A CALL POSITION. UGLY START TO THE WEEK, AND IT IS SHAKING OUT MANY WEAK HANDS TODAY
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