Starting off my first week writing Squid options, I am going to post what I normally do on a weekly basis. I trade QQQQ’s and the first of the week, the first thing I check is how the cubes did the previous week, and the trading range for the next week. I see short term resistance around 43.30 & and support at 42.25. When I say short term, I mean for the next week or so. I do see buying if a breakout above 43.50 in the QQQQ.

QQQQ Mar 19

On the longer side, we won’t see anything until we pass 44.0, where it would be a good time to take a look at our position.

For Monday, i am looking for a tighter range between 43.0 and 42.55

~squid

Related posts:

  1. The market shows some strength The market shows some strength on Monday. The cubes...
  2. Optionetics, quite frankly can kiss my shiny metal ass I was trying different trading rules for the last few...
  3. Another good day Another good day on the street. The QQQQ’s took out...