Friday's $QQQ Breakdown with 100% Gains EVERYWHERE

Hello RIGD

On Thursday we saw massive selling and it looked like the rally may finally end only for Friday to rip straight to the upside lead by none other than American big tech.

For the week:

$SPY +0.65%

$QQQ +1.13%

We don’t chart or forecast (just follow flow) but it’s hard to see us not hitting all-time highs by year end with SPY 5.17% and QQQ 6.55% away.

Anyway Friday was another EPIC day for RIGD AI.

In today’s Saturday Special Edition of the RIGD Report we breakdown the different app alerts and how to use them to guide your trading.

A Very Tradeable Not So Fuckery Friday (for once)

Both $SPY and $QQQ gapped up (opened higher versus the previous close) which of course killed Thursday put buyers who thought we would keep going lower. Markets looooove to do that.

When markets gap up, the move has already occurred and lizard people need to react aka close positions and take profits or book losses.

A Friday gap up (when all weekly options expire and are 0dte), amplifies this reaction.

This is why during the open session (9:30 - 10:30) we only saw four alerts on SPY and one on QQQ.

Now we’ll breakdown some of the best trades from the day.

A Lesson in Chop 101 aka The Textbook Setup on QQQ

So we gap up and then from 9:55 to 10:55 the QQQ just chops back and fourth.

This is when you start salivating at the mouth pavlov’s dogs style because you just know the lizard people are setting up to make the next move.

And of course the market is RIGGGGD and this is exactly what happened.

Let’s break it down step by step.

10:34 - THE FIRST BULL BOMB

We see the first bull bomb fire at 10:34 as the QQQ starts to move up immediately followed by a red florb at the high of the day.

BULL 462 SCORE - FR 0.72 - FS - 1233.03

RED FLORB 102 SCORE

Price moves down immediately after the RED FLORB.

Interpretation:

The bull comes as QQQ is starting to break higher and is the first alert to fire in the middle session, it’s not the best to take.

The red FLORB fires at 10:35 which is the high of the day. FLORBS are flow orbs which show net option flow for that minute. It’s only a 102 score.

Remember (we will say this over and over and over again)… we love to buy bull bombs at bottoms and bear bombs at tops.

If at 10:35 the red florb was a 1000 score bear bomb, it would be pretty clear the lizard people are setting up for the QQQ to go lower.

But it’s not… it’s only 102.

It’s a small fish!

Looking at this we’re thinking… this thing is going to rip higher.

10:40 - THE SECOND BULL BOMB aka WHEN TO PULL THE TRIGGER

We get a second bomb at 10:40 which is near the low of the chop chop and this is where you pull the trigger and take the trade.

THIS IS EXACTLY WHAT YOU WANT!!!!

Here’s why:

Bull bombs at the bottom are $$$

Previous bull bomb just six minutes prior

Weak fish red florb at the high, the lizards want up

FR is lower than prev bomb and FS is higher (both bullish)

It’s the perfect setup…

So you enter the trade then buying the 382 call.

But now that you’re in…

When do you sell?

11:07 - THE THIRD BULL BOMB aka HODL or ADD TO THE TRADE

Selling is the hardest part. Everyone should trade to their own account and risk profile. We prefer to set a dollar return (not profit percentage) and then leave a few contracts on to run in case we get an insane day like Thursday. You never know in 0DTE world.

We see the first green florbs come in at 11:04 and then another at 11:06. Green florbs = bullish option activity so we hold onto the trade. You’re up about 22% at this time.

Then at 11:07 we see another bull bomb fly in!

BULL 454 SCORE - FR 0.64 - FS 2275.15

FR (FLORB RATIO) is going down and FS (FLORB SCORE) is going up.

What does that scream to you?

This thing is going to keep moving up!

That’s three bull bombs without any bears and FR + FS is on your side. You hold onto the trade, add more to the trade, or degen out and buy some lotto OTM calls in case we hulk dick.

And now here is where you sell…

At 11:42 we fire a bear bomb and bull bomb at the same time.

Someone we are considering banning from discord asked…

“remind me what you said is going on when the app fires bull and bear alerts for the same fund at the same strike price?”

Which we covered in yesterday’s report but will repeat ourselves because we love doing that anyway.

Have you heard the news the stock market is RIGD?

Two alerts at same time:

Most option flow apps (they suck) only calculate net flow subtracting call premium from put premium.

We don’t do this.

If the lizard people are taking opposite positions at the same time… we want to know.

This can signal the start of a reversal.

So at 11:42 when you see the bear bomb at the high of the day (bears at tops, bulls at bottoms), you either exit the trade fully and go enjoy your 100%+ gain or at least take enough profit where if your options go to zero you’re not upset.

Now we’re sure you already know the next part of this story…

RIGD fires another bear bomb at 11:55 (sell the rest!!!) and then another at 12:02.

Over the next two hours QQQ falls -0.68% and these options return 166.67%, 201.30% and 120.95%.

That’s the thing with 0DTE options…

After QQQ moved up to 384 traders take profits and then setup for the next move which in this case was down!

The yellow arrow points down to the market bottom which you can probably guess by now is another perfectly rounded dollar value of $382.

Are we going back up or are we selling off no risk into the weekend?

The good thing is if you use RIGD AI, you don’t have to think about it because the option flow shows the answer.

Take the first bull bomb because it’s at the low and you max gain at 222.06% or “only” 120.59% if you held until the end of the day.

Bear at the bottom you should delete this app and unsubscribe.

The 298 bull is late, probably not worth taking but if you gave into your degenerate nature you had a max gain of 110.58% or only 44.23% at the end of the day.

And that ladies and gentlemen is how you use RIGD AI to follow the lizard people and crush the Wall Street Bets retail normies who couldn’t tell a top from a bottom at a pride parade.

Have a great weekend and remember…

STAY FROSTY!

(and it’s RIGGGGGGD)

thanks for reading THE REPORT by RIGD AI

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