Markets look the most bullish at the top. It's splitsville across the NQ. Is AMZN next for a 10:1? Either way, we're getting short the QQQ based on an Extreme Turn Sell Signal in the 2H. Not ideal that we're seeing a cluster sell forming, but we're starting a defined risk position in the QQQ using Put Debit Spreads.
QQQ AUG 273/267 Bear Put
QQQ AUG 273/267 Bear Put
Trade active
Closed partial today 2.05-2.35 on small pullback. Entry was 1.65Trade active
Adding back in $1.15 dbTypo on original position - 273/267.5 Bear Put
Trade active
Last add .50 today right here at QQQ HODTrade closed: stop reached
Exit at .40 for .55 loss. All flat.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.