The sentiments on Wall Street have completely changed after the technology selloff experienced at the beginning of the month. Currently. There is a degree of anxiety among investors unlike in the past when there used to be a rather arrogant attitude in such situations. The dramatic change in attitude will make the markets even more uneven. Although it’s not a rare phenomenon to experience such change of unusual environments during the low volume summer months, the market will become choppier with the change of sentiments.
The right strategy to use in such environment
I have been designing simpler strategies of reaping bigger profits in such uneven markets since 2000. Even though past positive results don’t directly guarantee similar outcomes in the future, one of the proactive strategies that have worked in choppy markets in the past is called ‘Lock and Walk’. The idea behind this approach is based on respecting support and resistance levels in the Nasdaq 100 NDX, +0.26%. It can be deployed by trading the ProShares UltraShort QQQ QID,-0.52% and ProShares Ultra QQQ QLD, +0.45% once the support and resistance have been broken. By using these rules, you can do it all by yourself.
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