shorting qqq long term until fed decides to print more more money again and cut rates. as long as fed is taking money back from the market im staying long on psq which is 1x qqq short to protect against being liquidated by a sudden short squeeze which the market can do at any time. so far im up 7%. when fed gets tired of taking their money back ill sell my psq and...
PSQ is trading inside a 1M (monthly) Channel Down (RSI = 36.191, MACD = -3.690, Highs/Lows = 0.0000) which last December made its Lower High. A Death Cross (MA50 under MA200) formation occurred in March on 1D and after a 27.60 bottom, the price has been rebounding towards the MA200. Last time the same pattern occurred was in 2016. The rebound resulted in testing...
Our researchers believe the NQ and YM chart illustrates a very different dynamic which is currently at play in the US Stock Markets. The NQ, the Technology heavy NASDAQ futures, appears to have stalled near the 75% Fibonacci price retracement level whereas the YM, the Blue Chip heavy DOW futures, has already rallied past this level and is setting up a “double...