The QQQ is currently on a 15 minute uptrend so for Tuesday morning I would be looking for a buy to trigger near the 77.70 area of minor support by 10 am reversal time. If we happen to gap over 78.00 I would look to take the first 5 or 15 minute buy setup that triggers in the 77.90 price area at 10 am or 10:30 am reversal time. I would look to play long until the uptrend ends on the 2 minute chart. If the QQQ happens to trade through or gap below the 77.60 area, I would look to take the first sell set up that occurs in this area on the 5 minute chart with a target of 77.25 and a shorter target @ 76.90. Click on chart for a larger view…
15 minute QQQ 09092013
Shorts: None
Longs:
CELG – Pivot I continuation
GILD – Pivot I continuation
LOW – Daily buy continuation
LVS – Pivot I continuation
MOS – Gap continuation
POT – Gap continuation