QQQ and Treasuries

Ok, I got stopped out this morning out XIV. It looks like major overhead resistance at the upper channel trendline on QQQ. I was going for maybe one last wave higher – always a dangerous trade. The last 10% is the most expensive. So, GOVT closed above the 7 million print @ 24.93 last Friday and that was a good indication of caution on the indexes. As long as GOVT stays above this print, I am not touching the indexes anymore.

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