QQQQ Nasdaq 100 Trust (31.70)

I still like the Hidden Pivot down at 26.75 as a place to try bottom-fishing, but because it lies a potentially hellish 7% below these levels, I cannot offer it as a Pick of the Day, at least not yet. However, if the Cubes should close within 0.30 or so points of it, I’ll provide detailed advice on how to get long with relatively little risk on an opportune swoon. I’ve included a chart that shows how the target was derived. A crucial factor in favor of this pattern is that point ‘B’ surpassed the prior low, 29.38. _______ UPDATE: Our bid languished, well below the insane heights achieved by the Cubes yesterday. Cancel the order.