A key for the above chart to define the horizontal lines and dots. For further explanation, see this link:
1a criteria on the traded time frame (15-min) you're looking to trade a breakout, so the 3/10macd on the faster time frame can give some late entries. Today was an extreme advancing day and with that, it's often the 1pm hour (CST) that tends to see a corrective move (testing the interest of buyers) into the 2-2:30pm time frame.
extreme advancing breadth
Higher time frame had a buy signal on the close of the first 15-min bar
Updated weekly chart:
5 straight higher closing weeks (upper tail of those 5-bars being no greater than 18-cents) and this closing week was an nr7 (narrowest close of last 7-bars)
$151.28 resistance on the weekly did a decent job at limiting today's higher prices. This level capped the first structural lower high back in December of 2007
as a LOL; I mentioned yesterday Re: the H&S on QQQ "anything over $67.50-$67.75 tomorrow would negate the above thought process."
the QQQ closed at $67.64 with a high of $67.78...should be an interesting in the coming week to see which way this market plays out.