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.
You reap what you sow.
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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.
Related publications
Disclaimer
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
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.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
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.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.