Short Squeeze Coming?
Updated
Chart says all. Got an impulsive EW completing over three days. Oversold condition. Double bottomed QQQ ~384.
Ripe for a bounce IMO. Fed may offer relief rally.
Or could tank off more. Being short here could hurt.
Ripe for a bounce IMO. Fed may offer relief rally.
Or could tank off more. Being short here could hurt.
Trade active
Violent fluctuation, made a bit off calls and some off puts on pullback after the spike.Do not trust this an inch. No positions atm.
Comment
So damned tricky tryin to make anything off these wild moves. U just get whipsawed! I never take big pos on FOMC days. Yes you coulda made 100% on calls for ten minutes but now they back to starting point, see? IMO the dot-plot with three rate hikes for next year is ominous... expect lower soon.
Comment
We will see Thursday what Mr M really thinks about this dot plot. IMO there ain't no fundamental reason to get long atm. Might get a pocket Santa rally EOY before the whole thing just tanks off, eh?Comment
FGS, QQQ up ten bucks from the LOTD, who knew?! Bad news is good again!!Comment
Faded the gap. Can it bull again? In the PRZTrade closed: target reached
Yeah look it's an engulfing bear candle fgs, up ten bucks, down ten bucks, pretty clear signal IMO
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