Your Average Trader OP iamiam : haha yes who knows but a recession is ought to do it

Your Average Trader OP Always Hungryy : You can get them from various sources. Google economic calendar. I use trading economics, investing.com (fastest) and marketwatch. You can also get it directly from bls.gov.

Your Average Trader OP Kopi is Life : Fundamentally unjustified rally considering the uncertainty around the economic situation + rally has been straight up for almost 2 week without an much correction +  index hitting some key resistances + Crude spiking again closing in on significant lvl $110

Your Average Trader OP Milamber : After almost 10 days of rally? lol I mean sure todays resilience may suggest it can go higher but now is probably the worst entry so yea very risky. If you really have lots of cash in hand and want to invest to not lose to inflation i would recommend betting on Warren Buffet or potentially the consumer staples sector instead rather than betting on risk assets. But then again im a market bear and I see potential recession so take my advice with a grain of salt.

Your Average Trader OP Kopi is Life : The strength of $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ and how it resisted the drop below a significant level yesterday has my technicals indicating a rather muted to upside move again today. However my fundimental analysis still remains bearish. So if i had to pick one side my bias today will depend on 8:30  economic release i.e Jobless Claim, Personal Spending and PCE. If numbers come out and are really off expectations I will pick my direction then. Markets have already priced in high inflation and a strong jobs market but if personal spending falls significantly below expectation of 0.5 I expect to see big downwards move. However will also be paying attention to commodities, cryptos and bonds to see where cash is flowing, gota be careful if your a short considering how much cash is still floating around.

Your Average Trader OP Jessy 10 : There's definitely going to be pullbacks in the near future but a big drops due to recession, no I do not see that yet. However if yields remain inverted or if inversion gets worse then IMO probability of big drop increases.

Your Average Trader OP Imso : If your asking if $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ will drop ~15% to its all time lows again than no. That is NOT the type of pullback I'm seeing right now. I'm seeing more a 5% to 10% pullback. However my opinion will change constantly as I get more data such as economic releases, bond market movements etc

Your Average Trader OP : Watch it go even higher tomorrow

Your Average Trader OP : Update: This 5y and 30y flattening/inversion looks very bad if it were to persist!

Your Average Trader OP ttttt123 :

Your Average Trader OP sayno : Part 1:
Ok firstly I just want to start with this is not an investment advice it's simply based on my experience and what I would do in your situation.
So first things first are you currently all in on SQQQ? Do you not have other long positions hedged against it? If answer is yes for both then I personally will try to significantly decrease my risk. The only way to do that is cut down your position size and realize significant losses. Unless you have a crystal ball or a high conviction set up where u have pre set stop losses I do not recommend averaging into short positions. Longs are another story. So only hold onto the amount of short you are willing to completely lose out on and do also have a sound reason as to why you are holding onto them e.g I believe there will be margin compression due to oil prices or recession in EU due to commodity crisis or US potentially due to interest shock.
Now even though yes markets can potentially have big pullbacks after big moves but I personally wouldn't recommend risking your entire portfolio based on a hope that there is going to be a pullback at some point which will allow you to escape with minimal loss. You have to accept the fact that your wrong as early/key levels as possible.
Everyone will have different Technical levels to watch out for. I can share some of mine and how I think markets will potentially move however again you must understamd these are MY levels. I have my own set of rules as to how I play around with these levels and my own set of fundimentals I have that gives me a bias towards a certain direction. But I cannot predict the future and so I can be wrong too. Even though my accuracy is relatively high but that's because I Scalp (a day trading strategy) a lot of my positions.

Your Average Trader OP : Part 2:
So if you look through my post I do have one for things to look out for this week. There I mentioned some key fundimental data you could potentially look at. However also do know new news do come out throughout the week e.g Restoration of 64% product exclusions from Trump tarrifs on China that came out Wednesday after market close.
So for my overall anaylsis along with my techical levels : Short term trend is pointing towards upside. Oils/Russias impact on stocks has significantly reduced. Vix and high yeild credit spread is low/healthy. Even though 2 year and 10 year has flattened the 3 month still looks relatively healthy meaning bond markets (way bigger then Stocks - some call them the real smart money) are not expecting recession in the short term. Overall PE for $SPDR S&P 500 ETF(SPY.US)$ seems a little over extended. Markets are not pricing in too much margin compression. Personally i do not know why and is the reason why i went net short last week after rates announcement. Now for pure technicals volume on the daily looks healthy. Resistances at ~14850 (which also coincides with 0.5 Fib level) for $E-mini NASDAQ 100 Future Main(JUN2)(NQmain.US)$. 15000 key physcological level potentially some decent healthy pullback from either of these resistances. If breaks through both these resistances with healthy volume expect to see 15300. Major support at 200ma ~ 14690 and 50ma 14450. RSI still not indicating over bought on daily but is indicating that on hourly. AAII sentiment from March 23 indicated 32.8 percent bullishness (personal interpretation - potential indicator for some pullbacks). Fear and Greed index Nutreal (personal interpretations - markets are not overbought or over sold and are to remain range bound with no significant down or upside risk). My momentum indicator still showing momentum towards the upside on the 2 hour chart.

Your Average Trader OP : My analysis in one sentence: short term upwards
trend with limited upside though + pullbacks coming up potentially next week.
Even though there are millions of indicators out there I highly recommend doing some research and finding ones that suit you the best. Just remember there are no magical indicator out there that can predict the future. But these indicators do help you manage your risk or help you make your decsison as to which side has the high probablity of winning. So Good luck!
Lastly just want to re iterate please use this as a reference/learning source and not as investment advice and sorry this was a little longer than I had expected

Your Average Trader OP sayno : Also i want to clearify. The reason why I say my suggestion is simply for reference is because I am very much against giving buy or sell advice especially in this particular case. I simply cannot manage your risk. I do not make trades like you so my suggestion is based on the asumption that i will make a bet like you did. So if im wromg I do not want to be the source of your loss. I simply want to help you undertand/learn about the markets and potentially allow you to make better decisions in the future. Again anything can happen tomorrow say some major seller realizes the drift away from fundimentals and comes in and starts crashing the market again or some major black swan incident can certainly happen and crash the markets again.