The pattern shown implies the Cubes are likely to reach D=368.67, a target 11% above that corresponds to one that I’ve proffered for DIA. The easy pop through p=333.06 lends weight to this forecast, as does the profitable ‘mechanical’ buy triggered two weeks ago at x=315.26. The pattern is obviously working for both trading and analysis, and we should therefore calibrate opportunities on the lesser charts to the Hidden Pivot levels on this one. The next would follow a pullback from p2=350.87, but we may be able to design an entry trigger using ‘rabc’ on the lesser charts to get aboard without having to wait. Stay tuned if you are interested. _____ UPDATE (Jun 3, 9:58 p.m. ET): Anyone home? Bid 0.20 for four June 28 280/290/300 put butterflies, day order. If you don’t know how, watch the lesson on butterfly spreading available via your account page. This is a longshot bet on an imminent plunge.
QQQ – Nasdaq ETF (Last:329.87)