QQQ Positions are piled at prices but won’t move, while the longs are all crowded at the top of the hill waiting to get harvested. Active sell volume is 414 versus buy volume of 244; buy-side only has 37%. Those adding are all handing knives to the shorts. Short at 742.7. First target 709, second target 695, third target 680. Stop loss at 775. How strong this tape looks when it’s being pushed high—once you believe them, the money is gone.
