Looking for feedback as to my reasoning. Fridays run-up was on light/avg vol, not what I'd expect for a 40+ pt move in the naz and have it sustainable. Todays tight range and closing at the low which for the naz is a R area would lead to a soft opening. Folks still jittery from current downturn and next strong S for NQ at 1460 was my reasoning for a small short position overnight. Comments please.
Short for Tomorrow in NQ
- Thread starter Winston
- Start date
With so much money being dumped into mutual funds last week, any shorts I take are going to be little drinks from the fire hose.
I personally believe its gonna be a super short-life trade. Only keep the short opened only shortly. Good luck.