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Re: oldmystic post# 11405

Sunday, 07/21/2024 12:54:36 AM

Sunday, July 21, 2024 12:54:36 AM

Post# of 11449
Should get interesting. One of my trader friends cashed out the last of his QQQ puts Friday and bought QQQ call spreads.
The weekly of yours is from July 6 so lacking two candles. Still an excellent chart 😃.
Price now 475 after gap down and three large red candles on a daily to end this week. Enough downside room to make straight calls a little iffy, which is why I think he went with spreads. Daily 50period at 469.85 is still possible before a bounce.
Gotta think the men in the smoke filled back room want to keep this market looking rosy as long as possible. We shall see.

https://investorshub.advfn.com/uimage/uploads/2024/7/21/vuikiScreen_Shot_2024-07-20_at_10.56.08_PM.png
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