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Steversteves
Feb 7, 2023 4:17 AM

Looks like tech topped  Short

Invesco QQQ Trust, Series 1NASDAQ

Description

Just my thoughts.
I haven't traded any of these stocks in some time so I may not be the expert. But this is what I am seeing :-).

Please trade your own plan!

Safe trades everyone
Comments
Faithhopecharity
Happy belated Birthday to you! I just saw your post yesterday. Wow, you were right on. Great call. Congratulations!
crazyarcs
@Steversteves By shorting QQQ, do you mean long term shorts ? If so how far out ? 1 month or 2 months for these tech stocks to retrace back to their dsl lines ? Thanks
Steversteves
@crazyarcs, At this point I am not going to short after the behaviour we saw today post Fed talk. But I trade SQQQ so there is no time limit for the short position but the intention was to hold for a full re-trace probably the duration of the month. But like I said, right now it seems unclear with the current PA post Powell speech. So I am patiently waiting for a bit more clarity to develop :-).

Thank you for the question!
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