He didn’t put any money on the line! He is on vacation. And I don’t day trade like him. I do weekly swing trading to position (multi-month) trading, so it doesn’t matter what happen for a week or two, up or down, so long it didn’t break the count. Are you day trading?
Anyhoo, my bet is open UP for QQQ If I am right, any reward? Dim sum lunch, at one of the Cupertino dim sum restaurant, on you?
Thought you ask for that. I am not interested in Open up or down nor Close up or down. Only care about it is moving according to expected count and not break my count. So far, QQQ is behaving well… moving along my expected count… traveling along the pitchfork uptrend
Given your bad memory, re-post the QQQ chart with pitchfork uptrend labeled.
I went heavy spxu and sqqql after hours yesterday and so far so good. Panda is pretty good near topping patterns as mentioned. I won’t trust his low though.
Yeah I think everything depends on fed today. Looks like yield will keep creeping up so I think fed will need to assure the market about the yield or we keep diving until yield stabilizes. I doubt they will say anything significant but
Have to presume my preferred count for TQQQ remains valid Holding 2000 TQQQs, so please remain valid.
Update to the chart… continue to wiggle along the pitchfork uptrend… instead of this Fri, push the target of hitting $108 to next Tues, I suspect would move to early Apr…
Haha, Panda has lost the crown. I went to ski but had tight stop on SQQQ/SPXU and another order to buy TQQQ/FNGU/SOXL at target price. Came back home, everything up! Looking at fed comments, bullish for me.
I think 1.64. It’s a forgone conclusion that it will prob reach 1.8 or maybe even 2… feels like market has come to grips with it and fed re-iterated their low rate for what I think until 2023? Market might still fluctuate a lot depending on sudden moves of yield+dollar but I think btfd.