QQQ Short Target
Today is quite bearish with VX moving up over 10% and many uptrends being broken. NQ is sitting at demand now, it may hold, but I think I'll wait before trying any longs. I used this are to take profit on shorts for now. If QQQ continues lower, I'd expect it to hit $460 soon and that could be a potential bottom for a while. Many supports are being broken, NVDA and pretty much all of the mag 7 have broken major levels and have not held any support yet.
It's a dangerous time for dip buying and I'd be careful.
It's a dangerous time for dip buying and I'd be careful.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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