Also, AMZN closed right at the 20 MA on Friday.

@rsotc So if QQQ hits 318, then a pullback is almost certain at that level? If so, and considering the scenarios you pointed out, how should one trade AMZN? Do you see a pullback on AMZN or will it keep going to 2500+ in a week or two? Bear in mind, the stock split goes into effect on June 06.

The scenario that I’d feel most comfortable trading would be a gap up with QQQ opening or rallying into (during the session) T4 (318), ideally with negative divergences on the /NQ futures 60 or 30-min chart although a pullback to the aforementioned support on /NQ might also provide an objective entry. There’s a myriad of possibilities between now & tomorrow so as of now, I’m waiting to see how the futures trade once they reopen in 40-minutes (6 pm EST). If they can climb a little higher to the top of the T3 zone then that also might provide another objective shorting opp or chance to close longs & if that comes during the pre-market session tomorrow, it might also allow for a nice exit on the QQQ longs at T4.

…and even if you wanted to take profits in a 401k any orders enter today would not be executed until after the close of the business tomorrow, Tuesday. If anything that happens this week changes my intermediate turn bullish outlook of communicate my thoughts ASAP

Yes