This is a VERY parabolic move (they typically end badly), it is easier seen on the continuous futures than the NASDAQ/ QQQ...
I'd like the 5 min NQ to turn down, although it's already in the same negative divergence we have used to take on past weekly Put/Call positions.
Don't be surprised to see a post very soon adding to April QQQ $68 puts.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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