Presently the QQQ are in a sideways range and I'm not doing anything until we break out or break down. If we happen to gap up or trade above the 78.35 area, I'd look to play the first 5 minute buy in the market anywhere above 78.20. I'd look to stay in the trade until we have a buy failure on the 2 minute chart. For a short, we would have to gap or trade below the 77.80 area where I'd look to take the first 5 or 15 minute sell that occurs near this area with targets at 77.60 and a lower target of 77.30. Click on chart to enlarge...
15 minute QQQ 09102013
Shorts: None
Longs:
AKAM - Pivot I continuation
CREE - Break out continuation
DIS - Break out continuation
HOG - Pivot I continuation
TGT - Break out continuation
UNH - Break out watch