Quad 3 has hit...

As I have written on Friday, that I would protect via individual shorts, if we do not get a strong reaction from the lows. That did not happen, so I protected. I am net long 50%. + I am looking for pops to get even less long.

What I really do not like is the composition here: Quad 3 and Quad 4 stuff popping up at the same time, Dollar strong, interest rates now at (relative) levels where they get dangerous:

Also, what I do not like is that stuff that has been strong the whole time (Bitcoin / Biotech) is now not (!) stepping in.

QQQs violating last major gap up + distribution:

+ if they wanted to mask strength, they would have gapped it down this morning, but they gapped it up.

All the best and best regards.

Andreas

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