The Q’s gapped over Friday’s base and went straight up until 10:30 am EST then went sideways and faded until 3:30 pm when finally we had a late day breakout and finished the day at $55.90.
QQQ
For tomorrow:
Any pull back to the $55.25 area is buyable and I would look to play the first 5 minute buy set up. A gap to the 56.20 area or above would be shortable after a 2-5 minute buy failure and look to play price back to the base at the $55.75 area. A gap below the $55.24 level, I would look to short the first 5 minute buy failure with target are of $54.50 area.