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The Nasdaq Just Broke Out. Here's a Defined-Risk Way to Trade It.
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ticker lesson
Breakdown
0:00MQ· ticker
NASDAQ breakout trade — 24DTE short put spread
- Sell 29,000 put, buy 28,750 put 250 points wide
- Defined risk bullish to neutral
- Needs to stay above 29,000 for time decay
- Bullish falling wedge breakout pattern
1:42U6· ticker
NASDAQ futures — 29,000 short strike support
- 29,000 put brings in 59 point credit
- 28,750 put caps risk at 250 point width
- Break even at 28,940 with 60 point credit
- Market holds 29,000 as key level
3:26MNQ· ticker
MNQ contract size — 1/10 NASDAQ exposure
- Each point = $2, 0.25 tick = $0.50
- Smaller size manages volatile product
- 250 point width = $500 total
- Max risk $380 with 60 point credit
3:27lesson
Bullish falling wedge continuation
- Target 31,000 origination point
- Pullbacks get bought to sustain trend
- Decay to 30 points or less to exit
- Not vertical rally but continuation
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