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Thursday, May 12, 2016

At this point...

I am going to go for another put option on the QQQs because I just saw a false bottom go by on the indicators. Hold on to your calls, whatever they were from yesterdays near close spread, and get into some more puts:

QQQ MayWk4 105 Put 1.22 1.11 1.14 341
Looking at the image below, you can see that there are two oversold indicators and a false bottom signal. I believe there is more down on the way.

More in about an hour,

Tradinginsider

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