Short Squeeze Coming?

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.

Handel aktiv:

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.

Kommentera:

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.

Kommentera:

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?

Kommentera:

FGS, QQQ up ten bucks from the LOTD, who knew?! Bad news is good again!!

Kommentera:

Faded the gap. Can it bull again? In the PRZ

Trade stängt: målet nått:

Yeah look it's an engulfing bear candle fgs, up ten bucks, down ten bucks, pretty clear signal IMO