Yesterday's instructions: "Today's low tick on the Q's is 732.62. Taking it out ANYTIME is our Sell Signal, buying the July $675 Puts at any price." The QQQ opened today at 730.06, triggering the trade. Accordingly, we have taken an initial Short position on the Q's, which shortly after the Open looks like this: I use the word initial with deliberate intent . The structure of the market indices, especially the Nasdaq 100, is such that a serious bet to the downside is in order. We are already short Bitcoin via IBIT puts and which is in fact a leading indicator for all risk assets. In addition, we are short NFLX, bringing our current short bet three strong: The way I'm seeing it, this is only the beginning of an intermediate turn down in the market, which by its end, will be measured in weeks or months, not days (see charts below). For now, that's our game plan. Stay tuned for a rock and roll summer. QQQ Hourly Next key level: QQQ 695 - A close below could usher in a market crash. QQQ 2-Day
