Updated

setting up the day in (tqqq)

i think were in for continued volatility in nasdaq futures midweek this first week of 2022
before the week is out i expect there to be several runs down towards the lows even if we open higher or especially so
its for this reason that i am focusing on the long side as contrarian dip buys come in banking on the likelyhood that the end of the santaclaus rally results in a bounce
as long as we respect the 162 area the long side of things makes sense should we break down below 161.33, set a lower high and trend lower i would be interested in shorting tqqq down to the .5 of extension which is 159.87
for right now my forecasts range between 161.36 and 165.93

Trade closed: target reached

short target hit

Note

if you were long the bounce this morning itd be good to take some off the table here

Note

if we dont convincingly break 163 the bears may have another go

Trade closed: target reached

if you took a second short i would close that around this price

Note

relong territory as long as we hold the lows target up around 162

cerealtrades

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