Feb. 3 at 5:09 PM
$QQQ Nasdaq future has been going sideways and keeps on repeating this dip-and-recover patterns. Already completed this 4 times in the past 3 months, and it's on 5th attempt now.
The play I set up for this week is Nasdaq future to bottom near -5% from the top which was almost reached on Sunday overnight, but market pulled of a huge surprising rebound during on Monday.
With today's reversal, my -5% play is back on. I still maintain my long positions but increased short positions with future and various put options.
If key mega-tech ERs disappoint, Nasdaq future's bottom could be as low as -10%, but for now my reversal back up play is planned at -5%.
$TQQQ $SOXL $SPY $SPXL
