The QQQ level that decides the trend (Part 2)

The thesis

Mean reversion odds are stacked here after this stretch above trend.

The melt-up is running on thin participation, which rarely ends cleanly.

What I'm watching

• equal-weight vs cap-weight spread
• QQQ advance-decline line
• A clean move through the level I flag below

Positioning

Long on QQQ, 1-10 days horizon. Conviction: Medium. Trends persist longer than they should — I trade the level, not the opinion.

Opinion, not investment advice. The author may or may not hold positions discussed.