He can't show us shorting the Q's ... it's illegal now ...
you can only buy ... so buying the SQQQ is a way to stay on
the right side of the new market regulations ...
anyway as far as the market, SPX and ES broke those support
levels we discussed, we'll see if ES moves down to the 5050/5060
level.
Otherwise as far as wave count on an intra day time frame , say
30 min on QQQ and SPX, I cannot yet count 5 waves up, unless
this pullback accelerates and gets too deep, likely some sort of
wave 4 of 5 or 2 of 5
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He can't show us shorting
hedging instruments I discussed on weekend
Posted by mla127 on 26th of Feb 2024 at 04:26 pm
He can't show us shorting the Q's ... it's illegal now ... you can only buy ... so buying the SQQQ is a way to stay on the right side of the new market regulations ...
anyway as far as the
Posted by matt on 26th of Feb 2024 at 04:30 pm
anyway as far as the market, SPX and ES broke those support levels we discussed, we'll see if ES moves down to the 5050/5060 level.
Otherwise as far as wave count on an intra day time frame , say 30 min on QQQ and SPX, I cannot yet count 5 waves up, unless this pullback accelerates and gets too deep, likely some sort of wave 4 of 5 or 2 of 5