Short Thesis - QQQ Ascending Wedge Break & Retest
QQQ had a major uptrend break to the downside in April, which led to a sharp correction. However, the downside was short lived and QQQ eventually recovered and just made another new all time high. This is very similar to the SPY wedge I shared, QQQ had a double top and rejected on a retest of the previous uptrend. It has been in another ascending pattern during the bounce which it'll need to break below as well for further downside. I expect this will happen soon.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
For transparency, current positions:
Short: LULU SPY TSLA
Long: GME
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
For transparency, current positions:
Short: LULU SPY TSLA
Long: GME
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