If you copy the flag pole and move it down to the measured target, it lines up perfectly with Randy’s 193.43 level on QQQ

Thanks again

perhaps some flagging setting up on NVDA and QQQ

SQQQ is an aggressive inverse ETF for Nasdaq

Could you also recommend an equally aggressive Inverse ETF Nasdaq

Should it be called a stimulus anymore? If you look at what they have already done, they system would have broken if they hadn’t of made the moves. Maybe is should be called a band-aid. The economy is dead so there is nothing to stimulate. If they prop up the markets as the fundamentals deteriorate, it will create a huge bubble that will pop even harder. One would hope they are smarter then that. Then again these are crazy times. I’m still shocked at the guy that posted on this site about buying his tesla may 1000 calls.

Perfect explanation!

I know there are many replies above, but many are short and arent geared towards someone new to trading.

You can either short SPY directly, or an equivalent to shorting is to buy an inverse ETF that rises as SPY falls. The ETFs used to ‘short’ SPY, are:
SH – non leveraged ETF
SDS – 2 times leveraged ETF
SPXS – 3 times leveraged ETF.

Be sure to check Randys screenshots above for targets and entry points. If you are new, I would recommend getting your feet wet in the non leveraged SH fund, and avoid the leveraged funds for the time being.

Thank you

Thank you