QQQ - the WSB Memes might've broke indexes & non-Meme stocks.
Updated
This is just a combination of indicators that gives buy/sell signals.
Shows what may be the third/fourth big dip within the last year (from worst to just bad = Mar, Sep, Oct, and Now).
Shows what may be the third/fourth big dip within the last year (from worst to just bad = Mar, Sep, Oct, and Now).
Note
I'm just a pleb, but if this helps anyone, cool.Trade active
Bought into SQQQ a couple of days ago, will hold unless I see a significant change in direction. If my estimate is mostly accurate, market should downtrend next 2 weeks at least, like the Mar/Sep/Oct 2020.Trade closed manually
Interesting rebound today. Sold morning, looking for re-entry.Trade active
Rebought SQQQ @13.55/share; thinking swing potential similar to Thursday's. A couple weeks of sell signals for QQQ unless there's some incredible rallying this week; lower highs, lower lows, downtrend is still underway imho.Note
: Still have a hold on SQQQ, so far barely positive, only because I swung a bit yesterday, but tomorrow is looking tense.My statement on downtrend next 2 weeks could be wrong; we'll see what happens the rest of this week.
Been following Dr.Roboto and one of his recent posts shows S&P 500 at the cusp of going either direction today. That's why I think Wednesday might have some significance as well as QQQ almost reaching new highs (Jan 26th slightly higher).
This will either be a lesson learned or a close win.
Note
Edit: Dr_RobotoTrade active
My stubborn hold of SQQQ might actually have payed off--we'll see in March.More just fools luck.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.