QQQ 100 & 200 MA short

29 Mar 2022

Gonna trying this short on the QQQ since it just got to it's 100 and 200 daily MAs. Market has been strong over the past 2 weeks, so kinda thinking its over extended. I'm picking up put options for May. If we get down to the 10 EMA daily, I might just close it and wait to see what the market is going to do.

31 Mar 2022

Not

Yeah closed this position for a gain, was wanting more of a sell off today and yesterday than we got. So it just seems like a flag pattern pull back. Basically I'm going to flip this position.