QQQ LOOKING TO OPEN AT OR ABOVE THE ALL TIME HIGH OF 311.98 SET DEC 18TH
SO WHAT HAPPENS NEXT? IN 19 YEARS OF TRADING THE QQQ HAS MADE AN ALL TIME HIGH ON MONDAY'S 119 TIMES, AND 49 TIMES WHEN THAT MONDAY OPENED ABOVE THE PREVIOUS FRIDAY HIGH.
SO TODAY FALLS INTO THE 49 TIMES CATEGORY WITH THE QQQ LOOKING TO OPEN AROUND 312.00 LEVEL, AND OF THE 49 TIMES THIS HAS OCCURRED ONLY 4 TIMES HAS MONDAY'S LOW GONE MORE THEN -$1.00 BELOW THE OPEN
THAT MEANS IF QQQ OPENS AT 312.00 LEVEL THE CHANCES THAT MONDAY'S LOW GOES< 311.00 IS LESS THEN 9%. THE 4 TIMES THE LOW WAS >-$1.00 THE LOW FOR THE WEEK WAS MONDAY OR TUESDAY THAT WEEK!
SO OUR MODEL WILL BUY CALLS IF THE LOW-OPEN MONDAY IS <-$1.00 AND IF THE LOW IS >-$1.00 THEN WE WILL LOOK FOR A GOOD LOW AFTER THAT TO BUY
GOOD LUCK AND LETS SEE IF SANTA CAN FINISH THE YEAR STRONG!!!