TDGonTView

Crazy Cubes - Getting Short QQQ

Short
TDGonTView Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Markets look the most bullish at the top. It's splitsville across the NQ. Is AMZN next for a 10:1? Either way, we're getting short the QQQ based on an Extreme Turn Sell Signal in the 2H. Not ideal that we're seeing a cluster sell forming, but we're starting a defined risk position in the QQQ using Put Debit Spreads.

QQQ AUG 273/267 Bear Put

Trade active:
Closed partial today 2.05-2.35 on small pullback. Entry was 1.65
Trade active:
Adding back in $1.15 db
Typo on original position - 273/267.5 Bear Put
Trade active:
Last add .50 today right here at QQQ HOD
Trade closed: stop reached:
Exit at .40 for .55 loss. All flat.

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.