Smacked! - Qs action update
My bearish position on the `s, .QQQUJ got smacked this morning as the
nasdaq gapped up, with the Naz 100 adding more than 24 points by noon on
just under 60 million in volume. So far it looks like the relative
strength indicator is hitting a top and staying level as the Qs rise to
resistance levels of last week. I’m praying that this means the up
trend has stopped. I also wish that I had more in my trading account so
that I could load up on 0.40 contracts to bring my costbasis down from
0.82. Ahhhh! We shall see what happens. The Naz 100 just doesn’t want
to break that 1475 line.