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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Jacob Snyder who wrote (58055)4/27/2022 12:54:15 PM
From: Jacob Snyder1 Recommendation

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ajtj99

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QQQ: On convincing upmoves, the RiskOn assets (r2k, Nas) should do better than SPX. That’s not happening, so far. If we go sideways into next week, with QQQ failing to outperform, I may re-establish my entire short position.

If an uptrend is established, with risk assets outperforming, I will wait to short till QQQ gets back to the 25dma, regaining half its losses in the March-April downturn. Then short in increments. If today is a reversal day, 25dma +/-10% is the range. schrts.co

Today’s QQQ low takes out the March low. We now have a series of lower lows, since the November ATH.
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