It downloaded as expected for me. Its probably your browser settings. You can try to right click and use the save-as option.

Restarted the phone and its all good.

Cheers thanks

Thank you very much for this. Im still a Baby at this, and it is fascinating reading others' input. I was planning to wait a while too for any significant position. I might sell some December Spreads, sweat the margin for a bit, and then let orders kick in if Momentum moves through 10700. It would be helpful though if the $ would behave (Raoul may be right- again).

It looks like 8700 in NDX would correspond to ~212 QQQ. If you look at a weekly chart its where the price bounced off of the 20 ma at the end of April

I asked JB specifically about EWW and got the following answer. "false break in USDMXN. Up thru 23 and in trouble. Mexican equity not crowded, but clearly vulnerable to extended period of risk off. Best hedge is to sell stuff not build a gross book but that is why stops are tight(ish) and targets high. EWW does best in weak USD / reflation environment. If this is more than a flash in the pan we will be stopped at 30"

I doubt the position will be unaffected if equities drop. The EWW has a stop at 30. Our preference would be to keep it and have a bearish position in nasdaq delta, but the implication is that your position should be net bearish.

PS. Does anyone have any thoughts of how JB's Mexican position will play out in this please?

No, this is for now with a view to the market developing bearishly now.

One might argue that there are advantages to puts but they are not a free lunch. Ways to use the recommendation might include a) Selling your existing long positions b) Shorting futures c) Buying puts. But the bigger question is what you will do to risk manage the position? How much risk are you willing to take? Where would you stop out?

We usually suggest stops but sometimes we prefer people to use their own common sense and risk perspectives. Ultimately we are all on our own, and if you do not think through the risks/rewards yourself it is probably very difficult to hold a position in the current vol. With respect to which instrument to use, I dont think it matters in the first order re Futures or etfs.

the levels can be worked out according to one's own instruments, would waste costly time on the release these flash updates to let julian's team do it imo

So far so good!

A wise perspective!

Of course, if Covid goes away then the odds are we will get stopped out.

Usual rules about answering for JB apply. Think of this as a tactical call which comes at a particularly interesting time. Worth noting that RP is has a similarly bearish take, but one which is more strategic. Its funny how often the tactical becomes strategic. But for JB, I think the critical pivot is around fiscal policy, and not around results. Clearly if results beat by a margin on the upside then we will be stopped out. But the surprise JB is more concerned about would be a deal between Trump and Pelosi for a CARES2

also, if vaccine is out in the next one to two months, is this potential risk going to hurt the short tactical trade?

I cant think of a more controversial question to try and answer! What makes me think you follow JBs twitter feed?

Mmm. Its not looking like such a good call today, but Im sticking with it, and have my stops placed as advised.

Further to my comment below with fibonacci confluence support levels I calculated, it would seem that 10700-10770 levels are acting as support as I suggested. I have done some new SHORT TERM resistance calculations to help folks further with the short entry on this trade if they are looking to either enter a new short position in nasdaq futures at better prices than 10700 or to add to existing positions at better prices and cost average. My suggested level where I see strong short term confluence come in is 11390/11393(x2 confluence levels)/11399. This gathering of levels is calculated from different pivots points going from near term pivots back as far as the all time high pivot and using hourly and 4 hourly charts which are appropriate for this short term analysis. FYI my previous analysis comment below was based on DAILY time frames only as they were for determining longer term confluence support. I am therefore submitting for your consideration that the 10770 level remains key support and not 10700 and that in the short term this bounce faces resistance at just below 10400 level in the short term and I can suggest fading the rally with shorts around this level improving the RRR based on Julians suggested stop loss at 11700. Thank you.

I will pass on your comment to JB. I was thinking the same thing!