QQQ--
SPY--
SQQQ--
$QQQ, $SPY and Nasdaq futures dropped all their gains after the speech, leaving overnight buyers underwater. With Thursday being the last trading day (markets closed for Good Friday), holding through a long weekend is risky, even if the outlook isn't great. The speech didn't offer new info, just repeated old points. If unemployment drops this Friday, there might be more downside. That would put the Fed in a tough spot: cut rates to help jobs or keep them steady to fight inflation. Ongoing shipping issues could mess with supply chains, especially for building materials, cars, and planes, pushing prices up and reigniting inflation. I might try a new $SQQQ position today, but it won't be a full move. I'll have to react quickly to Monday's open. If we drop sharply on Monday, I'll add to my position, otherwise close it if we jump up. Stay cautious, good luck!
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