1) My previous related idea, "Ride the tiger with QQQ" kicked off an uptrend when there was a range expansion to the upside.
2) After a good climb, the market cooled off a little, but didn't change trend. Note the lower channel touch, but no expansion.
3) The market made new highs on low volatility and failed to reach a trending state.
4) The contracted market expanded lower. The path of least resistance is now down.
Stats are from 2018 to current, long only, ~2% risk.
I don't like shorting the stock market, so I'm standing aside after taking profits from my previous trade. But if shorting is for you, go for it!
2) After a good climb, the market cooled off a little, but didn't change trend. Note the lower channel touch, but no expansion.
3) The market made new highs on low volatility and failed to reach a trending state.
4) The contracted market expanded lower. The path of least resistance is now down.
Stats are from 2018 to current, long only, ~2% risk.
I don't like shorting the stock market, so I'm standing aside after taking profits from my previous trade. But if shorting is for you, go for it!
