Public trading strategy
Tech stocks set to bounce after a brutal $1.3 trillion wipeout — short-term rebo
Thesis
When markets fall this fast, they often snap back temporarily as bargain hunters rush in. A $1.3 trillion sell-off over just two days is extreme, creating an oversold condition where a short-term rebound is highly likely. This trade captures that snap-back before the market decides on its next longer-term direction.
Strategy approach
Build a mean-reversion strategy that enters long QQQ on the 1H timeframe when the price touches the lower Bollinger Band (20, 2) and RSI(14) crosses above 30. Exit when price crosses above the 20-day simple moving average on the 1H chart, or if price drops 3% below entry.