Dave Barnhart maps trades on Intel and TQQQ using pre-market volume prints and Camarilla pivot levels. Intel: 5.6M shares at $24.22 set up a bullish ladder to $28 or bearish drop to $23.94. TQQQ: historic 5.6M print at $87.99 defines a range with bullish targets at $94.52 or bearish exits at $86.00.
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Good morning, traders. Happy Valentine's Day. It is Friday, February 14th at 5:45 a.m. So I've got two stocks for you today: Intel and TQQQ. So Intel, the interesting thing here is we have a 5.6 million share trade at 24.22. We're above that pre-market today. So we've had this these massive prints. We see this area here. We've pulled back consolidation here, and we've broken above. This was a great. Entry here back on February 11th, and then yesterday massive volume. Now we're breaking above. This is kind of a double top. There might be some little slowness here, but this is really on fire. And so this looks this looks great on the upside, but we'll map it out both ways. So let's go ahead and look at that. So here's Intel on the five minute. We're bullish above 25 and a quarter, 25, 25. Let's get above this Camarilla here. And, uh, we— so this will be the, the top here. We'll get increasing volume, break above that, then we'll go $25.50, $25.96, $26.29. There's great pockets here, like this is fantastic. Up to $26 is an R2, so we would expect a big pullback at the dollar level and the R2. Then we would need increasing volume breaking back up again. $26.29, $26.50, the half dollar. And then 27, 27.50, 28. Now the ATR is $1.02, so really we've moved almost that pre-market. So if we look at like, um, 26 would be the, the end of that. So let's see, 26, 27, if it's really going to run. We're bearish below 24.86, so we're gonna get below this consolidation here. And then we've got a target of 2469, 2450, 2432, and 2422. Now, when we get back to this 2422, there's a 5.7 million print from February 13th, from yesterday. So that's, that's down here and right at this Camarilla. So this would be support here since that came in yesterday. So we've got to be very careful here around this print area. If we break down below that, Then we can get down to $23.94 around this back to the pivot. So we have that. Let's go ahead and look at the TQQQ. Now this one's really exciting. I've been waiting for this trade setup because here on January 22nd we got a 5.6 million share trade at $87.99 and look what happened. It came in on this day and then second day, pretty much nothing. It was even. Then we had volume here and then we gapped down to all of these support levels. Like look, 2 million, 5 million, 1.4 million, all of that. And we held, but we were in between this support area and this resistance with these massive prints. So that's defining our range. But now we're above that. We actually closed above that yesterday. Here's our 4 and our 8 on the daily. So I— it looks like we could come back and test this 4 and then run up. And then looking left, we have this up at 93, and then if we make a new high, then game on. So this is one of the largest prints that we've had on the QQQ, I think, in a very long time. We'd have to go back and look. So that looks good on the daily, and then if we get below this 8 EMA, we could retrace a little bit there. That's the big picture. Let's look at the 5-minute now. So here we do have some pockets to make some money. So we're bullish above 89.12. Here's 89.10, which is this Camarilla R1. So we've got to get to the 8th, uh, above that. So 89.12, 89.13. So you want 89.13 on the ask to get up there, and then we've got targets Up to $89.41, $89.72, $89.97 is an R1, and of course we'll expect a pullback here at R1, so that'll get us to the $90 level. And then we've got $90.65, $91.15, which is R2, then we've got a nice gap up to $92.29. This one can move almost $4 in a day. So 92 really up here, 92.50, and then 94.52 is the high of the R3. Let's look at the bearish trade for a pullback. We're bearish below 88.48, bear below this right here. We can see we've been consolidating here and the 50-cent level is massive. We need to break below this 88.48 target, 88.17, 88— look, 88, we've got a 73K print, not that big, 5.6 million, 87.99. Then we got a CAM at 87.86, which is an 8th, and then we've got the pivot at 87.77. This is massive, massive support here. If we don't hold that Then we've got a pocket down to 86. So we'll see, we'll see about that there, but just be careful of that massive, massive support there. So there you have it. That's exciting. If, uh, if we're going to close above that massive print on the Q's on the TQQQ, then it looks like technology is going to take off. So anyway, happy trading, have a great profitable Friday, and we'll see you after lunch. For a recap, have—
