Well, I just couldn't let this market close for the July 4th holiday without one stab at nailing the top, or near top, of a multi-year bull market. In this case, the most vulnerable sector is the Nasdaq and QQQ in particular. Let's go out to August as per our, "next month," rule and of course, way out of the money puts, because there is so much air below this market, Nasdaq in particular. QQQ Daily A little different looking trading chart, with multiple support and resistance levels marked with trend lines. As the Q's drop through the first support line, we enter an initial short position with Aug QQQ $650P @ 7.00...or thereabouts. Risk 50%, in search of 200% or better in a July-August swoon. Note also, the next level of support, blue upward sloping trend line coming up from the March 30th lows, coming in today at about 714-715. If level also that is broken, double up on the puts. QQQ August Puts If I finally got a top right, the Q's will be trading in the 500's in the next 50 days.
