FreeQQQ7 min read
The QQQ level that decides the trend
QQQ
Delayed
SPY
Delayed
IWM
Delayed
The thesis
The melt-up is running on thin participation, which rarely ends cleanly.
Factor rotation is quietly repricing leadership; the headline level hides it.
What I'm watching
- VIX term structure
- QQQ advance-decline line
- A clean move through the level I flag below
Positioning
Short on QQQ, 1-3 weeks horizon. Conviction: Medium. A breadth thrust would flip the thesis; I respect it.
Opinion, not investment advice. The author may or may not hold positions discussed.
Opinion. The author may or may not hold positions discussed. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Past performance is not a reliable indicator of future results.
Comments
3 commentsAny update on the QQQ view?
This thesis played out more or less as written.
Still one of the better write-ups on QQQ.