Pinkspider
05-16

Why $QQQ puts?

RSI at 72-73 today likely.

Last 5 candlesticks kissing upper Bollinger Bands.

We have gone straight up unabated, faster than even the Covid crash V shape.

$VIX has come crashing down fastest in history.

We are nearing Extreme Greed in what was one of the fastest jump of Extreme Fear to Extreme Greed readings!

This is a historical V shape recovery.

I’m purely playing contrarian and fading momentum.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment