NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Hey all, I've been calling for and playing a rally these last few weeks, and the rally has occurred. I am now looking to exit the last of my longs, and use my cash reserves to enter short with heavy size tomorrow, 7/29. I think one would be incredibly hard-pressed trying to find more than one sector that they reasonably can argue will be up over the next two months; I firmly believe August and September will be large down months. Something would have to fundamentally change, or structurally change for me to change my thesis. I am very confident we see prepandemic highs within the next 3 months. I will be looking to short as QQQ tags $315, but I can't discount the possibility we test 330 before the next leg lower; I simply am not expecting such a move, and am positioning for a violent leg down before this redistribution breaks to the downside. If you guys would like, I would love to share with you all more reasons why I believe this is the end of a market cycle, and why I am so confident we are going lower- just reach out!
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