We are likely getting very close to at least a good swing top.
Once CPC turns back up, time to get outta Dodge for a bit.
And I expect NQ to lead down, led itself by SOX.
Edited by K Wave, 09 August 2020 - 10:18 AM.
Short NQ
Started by
.Blizzard
, Aug 05 2020 10:37 AM
13 replies to this topic
#11
K Wave
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Posted 09 August 2020 - 10:17 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#12
Darris
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Posted 09 August 2020 - 04:50 PM
OCC weekly small traders neared recent speculative contracts traded at a bit under 14 mil last week. Lot size traders over 50 BTO Calls weighted value was at a factor of 2x over previous high from the year 2000. Free rent and no taxes, what else would you expect. Prices going to Pluto, well past the Moon. LOL
#13
linrom1
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Posted 10 August 2020 - 09:18 AM
We are likely getting very close to at least a good swing top.
Once CPC turns back up, time to get outta Dodge for a bit.
And I expect NQ to lead down, led itself by SOX.
That was a great call on QQQs.
#14
.Blizzard
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Posted 10 August 2020 - 11:22 AM
SPX is going into new highs.
The fear of a possible double top is the reason for this mini selloff on Nasdaq
And some kind portfolio rotation.
Russell leads the way up followed by DJIA, SXP and Nasdaq, exactly the opposite when it was the Nasdaq the strongest
I think there will be an attempt to hit 3500/3530 on SPX and 295029700 on the DOW, then a large decline
We need to be still patient to catch the big downside move, that is due in sept/october time window
