Gonna trying this short on the QQQ since it just got to it's 100 and 200 daily MAs. Market has been strong over the past 2 weeks, so kinda thinking its over extended. I'm picking up put options for May. If we get down to the 10 EMA daily, I might just close it and wait to see what the market is going to do.
Comment:
Yeah closed this position for a gain, was wanting more of a sell off today and yesterday than we got. So it just seems like a flag pattern pull back. Basically I'm going to flip this position.