Looking for the Bull flag now
Picked up the TNA as QQQ 55.50 was tagged on my computer as support and the SP tapping 1220 at the same time looked good. I am also not sure if I am using the Options quotes correctly but I had previously seen the hod on SPXU 13 Calls at 1.50 to target 14.50 resistance and TNA at 43 the 43 Call was trading at 2.30 targeting 40.70 as support so everything seemed to line up for me. A lot will depend on if this last week of trading is a Bull flag that will retest the top range of the Bowtie or not. I wanted to get some covered Calls sold before the close but had to leave.
How we open tomorrow should give us some indication of direction, either we hold support above the island gap or we don't.
If the QQQ recovers 56 and SP over 1240 then I believe 1250 will be tested again, and possibly continue higher, we shall see.
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
