Be careful today- could be a big reversal to the down

[RRY16]

What matters is that the market is looking very toppy and it reversed to the down after making a new intraday high. Doesnt matter what caused it, it happened.

So Karen, are you short?

 

[chillibean]

i imagine they ramp this us hard very soon. Won't allow it to fall to much further at a guess

 

[Overnight]

i imagine they ramp this us hard very soon. Won't allow it to fall to much further at a guess

FALSE

 

[chillibean]

FALSE

 

[murray t turtle]

I was pleased to make a few winning UVXY trades today, though took a stop trying to buy pivot in DAL.

Bought a few $k of SQQQ TZA SRTY UVXY etc for overnight hold in case market selling continues tomorrow

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Got enough TQQQ for this week/profits ride; took profits on EBIZ wed, its still up 2% for the week/semi-liquid etf.
Cut a 1% loss on spxu. Working on a position/swing on qld. One of my charts shows a 50% downtrend in one day/LOL.[QQQ is extended/ overdue for a correction; but that was true in may, 2020 also]
50% drop is a qld etfs 2 for 1 split/LOL,