QQQ – Nasdaq ETF (Last:139.14)

The few puts we held onto after cashing out of our original position for nearly tenfold gains are worthless, but we’ll look to rebuild our position when the right opportunity beckons. A plunge to the 136.976 midpoint Hidden Pivot support (see inset) would be just such an enticement, but odds are slim that it will occur over the next day or two if at all. In the meantime, you can use the tiny, after-hours ‘external’ peak at 139.21 to craft a ‘camouflage’ entry from the long side if the pattern sets up properly.  I’ve sketched this hypothetically in the inset chart for your further guidance. (Please note that the green bars represent after-hours trading.) _______ UPDATE (May 23, 6:01 p.m. ET): The trade worked as sketched in the chart and would have left any subscriber who attempted it long at the close with a small profit. However, since no one in the chat room mentioned doing the trade, I don’t plan to establish a tracking position. For now let’s see if the Cubes can push past last Tuesday’s 139.64 peak and break into uncharted territory.