HoldMySake
05-09
I closed $QQQ 20240509 436.0 CALL$  ,With the initial job loss claim spike through thr chart, pre market was excited but notnas crazy as last week and start to fade from pre market high, as the overnight inventory is 50:50 there is really no direction before the opening, but given the pre market high was rejected from yesterday high, maybe there is a chance to put right at the opening but too risky given the bad news is the good news we had at 830pm, so wait for the market to find its opening range, as the market reach the key level at 438.5 and the pre market has respected this overnight low, this could be a good level to call, and it shoot right back up to yesterday high with some rejection as the market is watching nvda closely for price action, turn out nvda was rejected by ma20, QQQ start to retest the yesterday support level at 439.5 as it start to stabilised and reclaim vwap, enter a second call and continue hold it as nvda holds the key level around 885, exit the first call at previous high to protect some profit, and exited another at pre market high as the next stop is not far away the market may not reach there. At the time of writing this market validated my idea with the rejection at pre market high but it found support around ma20, may continue to grind higher along ma 20, but may be rejected by the heavy supply range at Tuesday high. For me, it is COB for today.
Trading Order
SymbolSidePriceFilled time
QQQ CALL
US20240509 436.0
Sell
Close
4.92024-05-0922:38:56
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Comments

  • catandbull
    05-10
    catandbull
    Great analysis! Appreciate your insights on the market movement today. ๐Ÿ‘
  • jethro
    05-10
    jethro

    Thanks for sharing ๐Ÿ˜ 

  • WalterD
    05-10
    WalterD

    day trade everyday?

  • KSR
    05-10
    KSR
    ๐Ÿ‘
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