QQQQ Nasdaq 100 Trust (41.82)

The final 90 minutes of yesterday’s session created a promising impulse leg with enough power to get the Cubes to as high as 43.56 today or tomorrow. The rally is tradable, but I cannot predict as of Tuesday night whether it will trigger off the 42.21 point ‘C’ low shown in the chart, or from a lower low yet to occur. Pivoteers should consider a Lindsay-style entry — and please note that 42.21 was low enough to be in the retracement “window” for a second thrust. _______ UPDATE: This morning’s gap-down opening mooted my advice, creating a downside target at 40.79 in the process. Its associative midpoint lies at 41.82, so any distribution ahead of the next leg down is likely to occur near there.