2024 Q1 Short: QQQ
Updated
Ah, the QQQ. Why's it up here? No one knows.
Looking at earnings : price ratio and adjusting for inflation, we are far overvalued. Sure, we can keep going, but odds say we need a pullback. Break 400, it could be decent. If we hold 400 and rebound to 408 surpassing that back into 410, be ready to close shorts dependent on your risk-tolerance.
MACD turning negative, RSI overbought and turning down hard.
Looking at earnings : price ratio and adjusting for inflation, we are far overvalued. Sure, we can keep going, but odds say we need a pullback. Break 400, it could be decent. If we hold 400 and rebound to 408 surpassing that back into 410, be ready to close shorts dependent on your risk-tolerance.
MACD turning negative, RSI overbought and turning down hard.
Note
:) so far, so goodOrder cancelled
double take
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