TQQQ: over bought, wait for the negative divergence.
Updated
Hello,
TQQQ is over bought with RSI above 80.
But not yet done with rally.
Look for the Negative divergence in RSI for shorting.
Tech is in super bull phase, be careful with puts/shorts.
Let's see if it can come down to fill those gaps.
Happy trading
TQQQ is over bought with RSI above 80.
But not yet done with rally.
Look for the Negative divergence in RSI for shorting.
Tech is in super bull phase, be careful with puts/shorts.
Let's see if it can come down to fill those gaps.
Happy trading
Note
resistance is working well.Liked that drop last week.
Note
Got the correction as expected.Trade closed: target reached
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