TQQQ, SHORT Stopped out on my TQQQ long today and we put in a wedge drop so even though I may not be super confident in the trade here with recent strength hints from the bulls , it's still a downtrading market, we did put in a higher low but not a higher high and still important for me to simply take the short signal .
Entry is right at todays close
25.93 in
Stop 27.27
PT 1 , 25.01 , sell 1/4 , stop to half risk
Pt 2 , 23.79 , sell 1/4 , stop same
run balance if possible ..
Personally , I kind of feel like we might be transitioning from a down trend to a range .. and that we might have put in a bottom on the 16th of June already ?? Now perhaps with todays failure by the bulls , some sideways chop seems likely .
