I just covered my ($QQQ) short at $714.77 for a near +$7 profit in several minutes.
From 9 a.m.:
I Am Shorting the Indexes on the Treasury Move
Yesterday and last night I took my Index shorts down dramatically (from medium-sized to very small-sized).
On the Treasury buyback announcement (done in a relatively illiquid time and starting on Sept. 9), S&P futures are +42 handles and the Nasdaq are +150 handles.
I say the markets will test the Treasury’s moves and I am back shorting the indexes:
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