$QQQ — 9 Weeks since 21-EMA Tap!
It has been 9 weeks since QQQ tapped the 21-ema on the weekly chart. The last time that happened? December 2021. Tech is mega-stretched to the upside, and mean-reversion is on the menu.
$330 puts expiring in two weeks
$310/$290 put debit spread expiring in September.
$345 stop loss. Hedge with short-term calls as needed.
$330 puts expiring in two weeks
$310/$290 put debit spread expiring in September.
$345 stop loss. Hedge with short-term calls as needed.
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