$Invesco QQQ Trust (QQQ.US)$ Bears on life support
$Invesco QQQ Trust (QQQ.US)$ Bears on life support
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intuitive Jackal_354 : considering how it's only retail buying and big money is selling, life support can turn into a crash at any minute. crashes never come with warning signs
4LBII intuitive Jackal_354 : sadly. why im still holding my puts. never know. I still think a drop coming Friday monday
intuitive Jackal_354 4LBII : trust me it'll crash soon and wreck everyone, you just need a little patience. I bought a 640 call and put for December. make money on the way up and more when it crashes
ML Bull intuitive Jackal_354 : you're too bearish man, gotta be willing to flip that sentiment when data doesn't support the thesis. yeah, we're going to see a 2% pull back in a single day sometime soon but that'll evaporate over the following week. sustained bull trend now
Make Sense : Actually the data supports bearishness. A shrinking labor market with thousands of jobs being lost on a monthly basis. Rising inflation and excessive tariff costs hitting company earnings. It’s all obviously bearish.
intuitive Jackal_354 ML Bull : I have a Dec call and put so I can watch what shakes out here. if we get the crash I'll take profits on the put and hold the call until we get a bounce back.