The QQQ ended the day near the lows currently in a 5 minute down trend. The Q’s closed near minor support at 68.50 and I’d be looking for the first 5 or 15 minute sell in the market to get short again with a lower target of 68.20. If we gap up but stay below the 68.75 area, I’d be looking to take the first 2 minute lower high short with targets back down to today’s low of 68.31. If we happen to gap down, we could look to play the first 5 or 15 minute sell setup that triggers at or near 10 am or 10:30 am reversal time. I’m looking to stay short until the 5 minute down trend in the QQQ ends…
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QQQ04022013
QQQ04022013
Longs:
APOL – Daily buy triggered
Shorts:
HOG – Wide range bar
MS – Base break down