Over the next few weeks, I do believe we have more downside potential than upside, I also speculate that is the way we go. The channels on the QQQQ, however subtle, shows a good point of intersection for a steep decline. This is speculative, of course, and will not affect my trading, but nonetheless, this is what the charts point to in my analytical point of view.
As far as trading playable extensions, it is far easier for me to find shorting opportunities than long opportunities. My test portfolio is self delta balancing, so a steep move, in either direction, should benefit my overall portfolio position. My delta, for each position, is also being averaged in, so a volatility crush, if it does happen, will impact me far less than most. Have a great day, I'll update the 10 position portfolio results later today.
Somethings never change in Wall Street...
1 hour ago