Arete-HI

Next Week expecting drawdown of 300 pts on nasdaq

Short
Arete-HI Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Not alone here, but coming to my own conclusions. The waterfall outlined above showed a point where many positions were forced liquidated. I doubt courage exists to rebuy as the positions were institutional drops, not retail shaken, the initial drop was retail shaken. Opposing positions from institutional drop will look to add, or themselves become a catalyst to further upside if we can break 12900 on significant volume. This looks to be like a -2% drawdown from current level to 12,400 by Tuesday. I took on October 300 QQQ puts, and weekly TESLA 290p on Friday. This will really make people question are we in a bear market? If so we could expect much further downside as the 2% move will find buyers below or not. This is not financial advice this is my own record of thoughts on positions taken.
Trade closed: target reached:
closed qqq puts, holding tsla 290 for further downside since breached intended target low. dip buyers piling in going to be slaughtered imo

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