-As of the last 7 days, TQQQ shorts are capitulating whilst SPY shorts are increasing. The effect is a sideways crab market.
-2 months before, SPY shorts capitulated and instead built a massive short position in TQQQ never seen before in size. It looks like the switch over from TQQQ to SPY is currently in progress. As for the prediction of TQQQ going to $24.2 whilst also calling a crab market, that's just a hunch.
TLDR: This is more of a personal prediction. I threw some money at it in case something becomes of it. I would not suggest you do the same.
-2 months before, SPY shorts capitulated and instead built a massive short position in TQQQ never seen before in size. It looks like the switch over from TQQQ to SPY is currently in progress. As for the prediction of TQQQ going to $24.2 whilst also calling a crab market, that's just a hunch.
TLDR: This is more of a personal prediction. I threw some money at it in case something becomes of it. I would not suggest you do the same.
Trade closed manually:
I've closed this trade off, got spooked after looking at the data on various stocks, indices and ETF's from my dataset.