Due to the expected sharp price swings immediately following the FOMC announcement at 2 pm today, I am temporarily revising the suggested stop to a daily close below 18.48 vs. print of 18.48. As of now, I’ll leave the suggested stop for the QQQ short trade as is (a daily close above 188.30) but might also revise both stops before the close today, depending on what happens in the first hour or so after the rate decision & Fed statement is digested by the market.
TVIX daily June 19th
Of course, all trade ideas as well as the price targets & suggested stops are just that, suggestions. As always, pass on trades that don’t mesh with your own unique trading style, risk tolerance & outlook for the security & use stops that are in line with your own risk/loss allowances on the trades that you do take.