Got stopped on the swing short Currently short again at 3293 Stop is 3314.25 Also short 325-330 jan calls
I'm joining ya. Got the memo saying that the overnight high at 3296.75 is the APEX. We are rolling over.
%% LOL I don't know if he took profits or not. WE will have to assume he would let us know if he had profit. I took some last SPY, SPXL profits week of DEC; neVer thought that would be ''the top''. The top is only known in hindsight+ it seldom pays well to play that. This doesnt look like 1999, Nasdaq went up about 85%, QQQ more than that.LOL,,
The White House is rallying the cheer leader squad about the BIG DEAL, But the Naz is showing some toppy action,
%% LOL,Z4U FORBES did a fact check on his net worth/properties; + rather than his $10 billion claim ,they figured $4 billion.And I Voted for him. LOL BUT I don't think QQQ topped@ all; unless it closes down for this week/FRI,weekly chart still looks strong regular market hours. It made a new high after hours but I don't really count that myself.Those QQQ derivatiVes always move more up or down+ more poWer to them.SPXL making still new highs,today haven't checked the futs lately.......................................
Hard to say? I've been eyeing larger time frames, just not sure if those price points will hold, the buy side algo's are carefully manipulating price away from the seller-algo trigger-points and we just keep moving higher. Nothing else to do other than place your bets and role the dice.
%% OK; + I have planned + plan not to risk a whole weeks profit. But if the week looks like a small ''+'' on TQQQ, or SPY in a strong uptrend, I have lost for that week;+ sill seldom lose much profit that way BUT they so seldom gap much counter trend; I don't mind collecting TQQQ diVidends also.I NEVER sell the HI, intentional, it did happen accidently once in ES.LOL,