If this bear flag breaks out downward, expect volatility to start going through the roof and entire market selling off. The Japanese carry trade is back to unwind the rest at extended price range

$USD/JPY (USDJPY.FX)$ $Invesco QQQ Trust (QQQ.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$

REALLY THOUGH…. add USD/JPY (fx) to your watchlist, as the movement could really be a driving force in the market this coming week

I am holding QQQ 11/8 expiration 485 strike puts along with SPY 11/8 590 strike puts and expect to hold these longer dated expiration for a while unless something changes…… in the meantime, the plan looks to be on schedule

If this bear flag breaks out downward, expect volatility to start going through the roof and entire market selling off. The Japanese carry trade is back to unwi...

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Ghost2737 : You nailed it

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RIPPER OP Ghost2737 : The carrytrade topic is still in play, but yea….happily nailed the target for my QQQ puts

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RIPPER

Success isn’t built on perfection, but failure. Progress begins when you refuse to give up. Trust me on this one……..

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