Open Position - See Portfolio - in details.
The market is in a very fragile stage the 28 level is still holding for the QQQQ . From this place there is two possibilities, the market starting to rally and the 74 level in the SPY will be a double bottom, or the 28 level break and we get the last stage....the capitulation stage. The capitulation stage or the final breakdown can take us to the 600-650 in the SPY, that is 20% drop.
Even if the market will drop 10%-15% and even 20% it will be for a very short period in my opinion, and from there probably will start the real rally.
USO - Had a nice rally today, is at the resistance level 26 . Probebly a pull back to 24.5 will be good for the up side move.
If the market starting to drop i will protect my portfolio with a 2000 QID and some FAZ.
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