Stock, Option and Futures Trading
Watch it Here
We have had a 2640-2680 target on the NQ for weeks. We came very close to that level at the highs today. I would be careful on longs here and move stop up on longs.
TZA would be a cheap way to play the reversal knowing that the reversal pattern has not occured meaning; if you went long TZA it is very aggressive trying to pick the top of the market.
The main point of this post is to say we could be at an important top
TZA April 20 calls are 1.10 currently. Again it is just something to watch at this point unless you are a higher risk taker