Interesting article on ZH today.
"Mind your Ts and Qs"
Has a graph [dailly]of the open interest in TQQQ[ leveraged bullish QQQ ETF] against the actual price of QQQ.
So this is retail after a big bang for the buck in TQQQ.
As soon as QQQ starts falling they rush in to buy TQQQ [Too early dip buying] and then they sweat and then I guess they close out on the rebound at breakeven, glad to get out.
This is a very dangerous trade as decay in leveraged ETFs is massive.
What if they don't get a bounce for a while?????>???
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