PartTimeGenius

$QQQ... Wedge getting tighter (BEARISH!)

Short
NASDAQ:QQQ   INVESCO QQQ TRUST UNIT SER 1
On the last post we said that we were positioned Neutral waiting for an entry, that's just only on our trading account because we play options and timing can be very crucial. As for the longer term accounts, we are positioned very defensive. Anyways, the market is starting to look very stretched up here for DEC PUTs...
***Let's Talk About it...***

Comments

Isn't an ascending triangle generally bullish? We won't know the direction of the market until price action shows a move in either direction and confirms a breakout.
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