hi, sold 2 nq with a 5 pt stop that was hit, out -240, reshorted 2 at 1661 with a 3 pt stop, got hit about -100.
Waiting, looking for a big reversal in qqqq
40.20/40.30 area on qqqq should be a resistance, qustion is how long this squeeze lasts.
I reshorted at 1662 4 pt stop, the only thing is we are so clsoe to all time highs it feels like they will squeeze to new highs to bring in fresh money (before it reverses what I suspect) (on the dow, which would cause a laggard move on QQQQ)
anyway, looking for this area just above 40 to hold, if so looking for a big move down.
i backed it out -.5 pt just going to wait till it gets clearer.
