Today, I do not think we touch $283 (QQQ), but tomorrow I do not know as everyday market swings UP and Down next 2 next. It is crazy and unpredictable.
I think we test the low from 9/21-24 if the Senate+Trump truly are cutting off talks. The entire rally from then on was dependent upon stimulus hope imo. I went mostly cash as of yesterday highâŚthinking Pelosi wonât deal now that Trump didnât die. I would like to buy some puts on a bounce if there is any tomorrow. This is pretty wild though!
Yesterday I was telling âIt is crazy and unpredictableâ. At that time itself, I sensed likely sudden drop possible. Looks to me, market is really volatile until elections now.
If this market drops further 10%-15% range (I do not know at this time), then recovery will be too long. Next 3-7 days will tell us where it is going.
JC does not know, but creates stories after every market down like this ! Market is at its precarious situation, can fluctuate wild at this point. Just like what happened today last hour, it can simply go down any time. Safest is cash mode.
Even though my algorithm triggered yesterday and today morning to get out of GSPC and IXIC, I ignored it by manual review, now realized a big mistake. I could have simply made lot of money had I simply listened to my alerts, but failed to recognize them timely !