Theres also the Retail data on Wednesday. That will be very telling of future Inflation.
Swing Trading QQQ
- Thread starter schizo
- Start date
Yes, I did believe a correction was playing out and yes, I did say we could go as far as 10 %, but I didn't put any money at risk on that.
If you read my posts in this thread for last week, you can see that my predictions were invariably bullish and that was my intraday play all week long after some shorts in prior weeks.
Generally, I try to avoid posting trades or fixed views because I want to remain flexible and loose in the markets. The moment you publicly put forth a view or a trade you tend to want to defend it and you want to be right. No doubt causing one to possibly hold on to losers instead of switching gears when needed.
I've been around for a while now and I've seen it all. What surprises me is that there are still traders who seemingly have been around for a long time (not referring to @schizo here) and still struggle to play the long side because they let political views, opinions and concepts like 'overbought' get in their way.
The market's going to go where the market's going to go. And if that's up, better be long. And for US indices that seems to be most of the time.
Well, even you were shitting bricks at some point and starting to have doubts. LOL.
Definitely was not shitting bricks. I did at the time think it could go lower. Obviously that was a big mistake. Either way, now that the vix has been crushed, it's like watching paint dry until the 2 catalysts push this to the moon.
Never gonna happen. ES / NQ h show a double top, this pattern never fails..
So you are saying we won't get an ATH then? How much are you short?
Never fails? Noted....