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jvGator
Jun 26, 2021 2:28 PM

QQQ Blow off top incoming? Long

Invesco QQQ Trust, Series 1NASDAQ

Description

I've been seeing tons of posts stating they are short the SPX, DJIA or the NDX. Anyone else see the possibility that there's going to be massive covering that could send this into a blow off top? The SPX trapped a lot of bears.
Comments
yammmy
Interesting viewpoint, i think it's much hard to short squeeze an NDX than a single shares like AMC etc. Seems to be this grind up is more shorts covering than investors buying into it given the low volume. Could be wrong but just sharing alternate viewpoints.
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