With 30 minutes before Monday's open QQQ above Friday's High:
If Monday opens above Friday's High:
Our Model predicts:
30 minute low holds = Monday closes above Monday's Open = Monday's 30 minute low should be the low for the entire week !!!
30 minute low breaks > -20 cents = Monday's closes below Monday's Open
If Monday's 30 minute low eliminates the gap from Friday's close = Monday High week !!! ( Isn't it amazing how that one gap fill changes the whole week's outcome ? )
So our model is expecting another strong week with at least one good down day mixed in.
Unless Monday opens and goes straight down to 331.36 (Friday's Close) we will be buying QQQ Calls and SQQQ Puts in Monday morning is the 30 min low either holds or breaks < -20 cents