Lots of bull posting lately (by myself as well as others). Wanted to put things into perspective and manage expectations. Market has been ripping lately, with everyone calling for fresh highs. However, QQQ is inches from ATH, and extremely overbought on the daily. I would not be shocked if we see a reversal here at least in the short term before we push higher. No hedge position at the moment, just watching.
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Just tapped ATH. Now what? We shall see.
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Pretty valid today. No direct position, but I'm now more short than long overall.
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Gapped back up overnight, but definitely yesterday's close struck some fear into the hearts of the bulls.
