The QQQ finished the day near the high of today but also in an area of an hourly sell in the market. For Wednesday, if we gap or trade below 66.40, I'd look to take the first 5 minute sell in the market at or near 10 am reversal time with a lower target through the 66.00 area to the 65.70 area and the 200 ma. If we happen to gap or trade above today's high of 66.78 this would be bullish and you could take a 5 minute buy setup that occurs near 10 am or 10:30 am reversal time with a target into the 67.00 area where I believe the market will roll over and trigger the hourly sell possibly over lunch time. The 5 minute chart is currently sideways, I remain bearish and I'll be looking for that hourly sell tomorrow for sure!
IIqqq02262913
Longs:
ALL - Daily buy watch
AMGN - Gap continuation
CREE - Daily buy watch
HPQ - Gap continuation
INFY - Gap continuation
VLO - Buy continuation
WAG - Pivot I
Shorts:
CHRW - Break down continuation
COST - Daily sell triggered