$Invesco QQQ(QQQ)$ 🔻 QQQ’s Green Start But Bearish Finish – Why I Loaded Up on 530 Puts 🔻 Today, QQQ opened strong, surging to an intraday high of $531.52, riding the momentum of a bullish market fueled by tech giants like Apple (AAPL), Microsoft (MSFT), and Tesla (TSLA), all of which opened green. However, despite this strength, QQQ struggled to break through key resistance levels, signaling potential weakness ahead. Why I Took the Bearish Bet on QQQ As I watched price action unfold, I noticed a failed breakout attempt near $531.50, a level close to QQQ’s 52-week high of $539.15. Instead of pushing higher, it began forming a lower high pattern, a classic signal that bulls were losing momentum. The RSI (Relative Strength Index) hovered around 70, indicating an overbought condition,
$Tesla Motors(TSLA)$ Was closing the position of $TSLA 20250124 415.0 CALL$ too early ? Well, perhaps, but then again better to close in profits then getting busted er