OUR MOP MODEL HAS BEEN PREDICTING SINCE LAST FRIDAYS ACTION THAT FRIDAY WOULD BE THE HIGH THIS WEEK!!!
WE SEE THAT HAPPENING TODAY IF FRIDAYS LOW STAYS ABOVE THURSDAY 292.00 LOW.
THOSE ODDS DIMINISH IF QQQ BREAKS UNDER 292.00
WE HAVE SEEN AN INTERESTING PATTERN IN 2020...
IF FRIDAY MAKES A NEW INTRA-DAY HIGH AFTER 90 MINUTES OF THE OPEN THEN FRIDAYS HIGH WILL BE IN LAST HOUR TODAY.
IF FRIDAY MAKES A NEW INTRA-DAY HIGH AFTER 60 MINUTES OF THE OPEN THEN FRIDAYS HIGH IS ALREADY IN PLACE FOR THE DAY. (ALL THESE LOWS WERE IN PLACE BEFORE LAST HOUR OF TRADING...BOUNCE INTO CLOSE)
THE ONLY CONDITION FOR THIS PATTERN IS THURSDAY'S HIGH MUST BE AFTER THE FIRST 30 MINUTES ( YESTERDAY THE HIGH WAS AROUND (1:45 EASTERN) )
SO THERE YOU HAVE IT...OUR DATA CAN BE MONETIZED WITH CALLS OR PUTS TODAY