The QQQ opened the day by gaping up again bullishly to open the day @ 72.98 just one penny off yesterday's high. Unlike yesterday, the QQQ pulled back to 72.65 to set the low of the day at 10:30 am reversal time and triggered a beautiful 15 minute buy. Price action has been bullish all day triggering another 15 minute buy at 1:30 pm and now the Q's are trading near the highs of the day @ 73.25.
15 minute chart of the QQQ
I had a nice 2 1/2 R trade in TGT this morning which I found scanning for 9:45 am -15 minute wide range bars. My initial entry long was on the first 5 minute buy that triggered where I entered my first lot of three. Price soon rolled over and headed lower but I was prepared to play TGT if it pulled back lower. I had two more adds allowing me to go to full share size on the play. Price finally triggered the 15 minute buy and price took off nicely upward hitting two of my targets but my 3rd aggressive target @ 72.00 seemed like a long shot as we were heading into lunch, so I sold my final lot at a 5 minute bar by bar break. Management on the play was advanced...
5 minute chart of TGT