Mag 7 Short Term Support
The mag 7 and semiconductors are essentially the entire market at this point, especially for QQQ. It's an important watch, if the mag 7 starts to weaken that could be a sign of a trend change. We have support close below, this will be my key level moving forward. I think it could be a good long opportunity, but if it breaks to the downside it could make for a great short as well.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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