[CFW]

SQQQ is at 11.20. On the premise of “what goes up must go down”, I’m thinking of jumping into the SQ to take advantage when the high brought on by NVDIA’s earnings report fades away and the NDX falls back to around the 17000 range.

[Eccl 10:2]

“SQQQ is at 11.20. On the premise of “what goes up must go down”, I’m thinking of jumping into the SQ to take advantage when the high brought on by NVDIA’s earnings report fades away and the NDX falls back to around the 17000 range.”

$$$$$$$$$$$$$$$$$$$$

Me personally, I would wait for what looks like more of a ST high on the QQQs, a fallback, then a re-test that looks like it will fail.

Bonds (TLT is my proxy for that) are still up, so the Fed is still feeding this frenzy.

I don’t think we’re there yet, but that’s just my opinion.

“Don’t fight the tape.”