Invesco QQQ Trust Series 1 (QQQ)

[farooq]

So far it proved that 1 Trillion $ famous trade was Just a hedge.
Most people were expecting some kind of retrace but market did what it does best going in the direction of least resistance.
Most were short me included but I bought extra time through spread and my fear was exactly what happen.
Made some money but that much is lost on spreads so it is little plus week.
Market grind near the top to distribute.
It may be that bear market has ended and a new bull market has started.
If it is a new bull market it is not going to last as it did before.
There will be least support from Fed.
Fed needs to clear balance sheet so it can have some ammunition for next market cycle.
Market has not given any sell signal. so stay long till crossover occur.
Trend change will occur once we close below 107.85 as of today reading it will change as we move forward, do your home work.
Assets demand is keeping Gold miners high and delaying correction, we can not fight market we can only follow it, save your money for right time.
Patience is the best tool trader has. Use it wisely its okay to let go 1/10 rather than losing 90%.
Good luck and happy trading.