7/23/19 was up 1.18 and the model projects the component for Monday's kill will be up between +0.65 and +0.95. The QQQs settled premium to the component by 11.35. The model calculates that it will take an average daily gain in the component of +0.69 to close the "Gap". Since the up-trend began in the index five days ago, the component has gained an average of +0.86 per day. Obviously the index is on a very strong up-trend but to continue that pace from now until the QQQs go to cash settlement is asking for a lot. It may happen, but my best guess is that there will be a significant correction in the QQQs at some point and Fridays are sometimes a favorite day for things like that to happen.

Best wishes,

Doc