New QQQ trade

Are you up for a dangerous trade? One that expires in a few days? If you are a risk taker I have a trade for you. Lets look at what the cubes suddenly pulled today as the market was winding down in the last hour:

The candlestick I circled is from today. When there is something that looks like a hammer with a long handle at the bottom of a channel, this shows an upward push. It is my feeling that the Nasdaq is going to temporarily bounce back up tomorrow. My puts still stand that expire in July and we are going to hold those because I still feel that the market is going to drop. However lets take advantage of the short term climb for tomorrow that this chart predicts. We will use half the money we used for the puts and buy calls that expire in several days. If this trade does pan out, the option will move more significantly due to the fact that it is about to expire. The call is below:

We will watch this call in the morning and look for a further push up to see when we will exit this. We are in at .65.

We should make some money on this tomorrow.

More later.