I took a short position on the Q's today as the market spiked up just before noon pacific time. The RSI 5 had gone up rapidly and hit around the 80's with the SMA 2 dipping under the price line. With the election leaning towards the Democrats, I thought the markets might not take off. However, the markets just usually don't like the "unknown" and with James Webb looking to have defeated George Allen in VA....the markets might be ready to take off. I guess we'll find out tomorrow.
QQQWQ (Nov $43 Put) purchased at $0.40.
Happy Trading!!!
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