QQQ MOP TRADE BEFORE ELECTION!!!
FRIDAY PROVED TO BE QUITE SIMILAR TO WEDNESDAY!
AGAIN WE UNDERESTIMATED THE BOUNCE FROM THE GAP DOWN AND WE UNDERESTIMATED HOW LOW IT WOULD GO DOWN. (100 DAILY MOVING AVG 269.21)
AS OF 2 HOURS BEFORE MONDAY OPEN THE QQQ IS UP OVER +$2.00
ALL WE CAN ASSESS FOR MONDAY IS TO TRADE THE BREAKOUT OF THE FIRST 30 MINUTE RANGE.
BREAK THE LOW = BUY PUTS
BREAK THE HIGH = BUY CALLS
THE VWAP WILL BE THE CONFIRMATION FOR THOSE TRADES.
IF 30 MINUTE HIGH BREAKS WATCH VWAP AS GUIDE TO HOLD THE CALLS AND VICE VERSA FOR THE LOW BREAK AND WATCH VWAP TO HOLD THE NEXT HIGH.
WE ARE GOING TO BE PATIENT WITH ELECTION 1 DAY AWAY AND TRADE LIGHTER POSITIONS TODAY!
AGAIN WE UNDERESTIMATED THE BOUNCE FROM THE GAP DOWN AND WE UNDERESTIMATED HOW LOW IT WOULD GO DOWN. (100 DAILY MOVING AVG 269.21)
AS OF 2 HOURS BEFORE MONDAY OPEN THE QQQ IS UP OVER +$2.00
ALL WE CAN ASSESS FOR MONDAY IS TO TRADE THE BREAKOUT OF THE FIRST 30 MINUTE RANGE.
BREAK THE LOW = BUY PUTS
BREAK THE HIGH = BUY CALLS
THE VWAP WILL BE THE CONFIRMATION FOR THOSE TRADES.
IF 30 MINUTE HIGH BREAKS WATCH VWAP AS GUIDE TO HOLD THE CALLS AND VICE VERSA FOR THE LOW BREAK AND WATCH VWAP TO HOLD THE NEXT HIGH.
WE ARE GOING TO BE PATIENT WITH ELECTION 1 DAY AWAY AND TRADE LIGHTER POSITIONS TODAY!
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