%% AUG/SEPT maybe a clue for those 2 months only--SPY/DOW tend to be down then. NOT a prediction/not long tqqq. Still long some cash tech ETFs OCT-DEC tends to be so bullish on tech[4th quarter] may or may not do sqqq then.
Well I guess I will stay long on Nasdaq stuff for now. I wasn't gonna short anything until I had definite signal anyway. Rather just stay out of equities until things resolve one way or the other, than start shorting stuff before I got to. Honestly I don't like being on the short side anyway but it is gonna be a thing pretty soon.
SanMiguel (my favorite beer when I am in Madrid for vacation) I never, ever assume that the market is "due" to pullback because this or that. Unless I see lower lows and lower highs, a breakout of a major trendline or support level, a close below a key moving average or some huge top head and shoulders formation (for instance), I have absolutely zero reason to believe that a hypothetical downtrend is in progress. In other words I trade the facts, not my opinions. The only thing I do assume is that my next trade will be a losing trade, so I plan my stop and position sizing accordingly (the winning trades will take care of themselves obviously).
Everything appears to fall eventually. Soviet union. European union. TQQQ etc. When belief is orchestrated to be lost its falling time? Is it true that when some things fall it can take others also down?
Absolutely, we just need to follow the stupid trend, up or down. There is no bear or bull market, only traders in the wrong side of the markets.