The SPY appears to be gapping up so far after hours. If the SPY gaps over 139.70 area one could look to buy the first 2 or 5 minute high. The first 5 minute buy setup would also be acceptable with weekly targets at 141.74 and 142.38. If no gap, wait for the SPY to trade above the 139.70 area and buy the first 5 minute buy setup which occurs. A gap or trade below 139.00 area would be bearish and one could look to short the SPY on the first 5 minute Sell setup looking for price to trade down into the 137.50 area.
QQQ 15 min
QQQ 15 min
In the Q’s we will look to buy a 2 or 5 minute high if price gaps or trades over the 65.90 area or wait and buy the first 5 minute buy setup. A trade below 65.50 area would be bearish and one could look to short the first 5 minute sell setup with targets at 65.00 and 64.50.