The Q's opened the day neutral @ 82.85 and went sideways into 10:30 reversal time and sold off hard into 11:15 am, the start of lunch on Wall Street setting the low of the day @ 82.55. Price then rallied into a 2:30 pm setting the high for the day @ 83.05 before rolling over and triggering a 15 minute buy into the close @ 82.90. For Tuesday, if we open neutral or gap up, I'd look to take the first 5 minute buy that triggers with a long target of 83.28. Any gap below 82.65 would end the 15 minute uptrend and I'd wait for the down trend to end on the 2 minute chart before taking a long setup.
QQQ 15 minute 10282013 homework
Longs: Shorts:
C - Daily buy triggered UNH - GBI (Green bar ignored)
NOV - Gap up continuation
PEP- Breakout continuation