And there goes 17925 on NDX. Will it go down below 17900 before noon or can they fight their way back up to 18000? I said yesterday I was going into sqqq. I think that may have been a wise decision. What goes up irrationally based on one stock’s earnings report, has to come back down to reasonable levels.
Good call. NVDA now noticeably red, down 75 bps as I write this. Looks like an island reversal after the big gap up. I expect a regression to the mean, or “reasonable levels” as you stated.
“I think that may have been a wise decision. “
I hope you sold this morning!