What a difference a few days makes. The S&P 500 and the Dow both printed brand new all-time highs today, and the bear trap I flagged on QQQ last week played out exactly the way bulls wanted: shorts got roped under the weekly 21 EMA, and price snapped right back above the key level.
My line in the sand has not changed. Above $680 on $QQQ, the bulls have the ball, the 3-day squeeze is in great shape, and a buy trigger opens the door toward $780. Back under $680, I think we roll over and take out the recent lows.
The chips are where the action is. I’m holding the Nvidia December $200 calls I picked up yesterday, and I break down the squeeze setups stacking up in $AVGO, $TSM, and $AMD ahead of tonight’s earnings report, plus slingshot squeeze candidates like $DELL and $HPE. With the market this stretched, I’m staying patient and letting the triggers come to me.
I lay out the full game plan, level by level, in today’s video.
Stay Focused,
Taylor Horton
Price tells you what happened, volume tells you who made it happen. Tomorrow, Raghee is going live to break down how she reads volume to spot where the real money is positioned before the move even starts. If you want one more edge stacked on top of your setups, grab a seat NOW.