MAGIC DUOS NEWS Aug 23, 2024 1D CHART UpdateRECOMMENDATIONS For Very Very Low Capital Investors
SHIBUSDT Crypto / Now at 0.00001521
Go LONG! Price crossed SMA 20, NV is positive showing 3.317T and Privot HL continue going up in GREEN. Close position once Privot HL turn RED.
SH Proshares Short S&P500 / Now at 11.15
Go LONG once Privot HL turn GREEN.
If that happens DJI and SPY will go in the opposite direction. Yes, DOWN.
Remember, all these metrics came from 1D Charting.
FOLLOW THEM UP TWO TIMES DAILY, AT 10AM & 10PM EST
Your COINS will be appreciated!!!
Prosharestrust
ProShares split all ETFs w/ 3wks notice This is TQQQ-SQQQ chart.
I warned of the ProShares split, and it got little mention in the news since the announcement. This is one of the most popular ETF companies in the NYSE, with $550bn in ETFs. This is a big deal. They decided to split ALL ETFs, on short notice (3 weeks) , right before the biggest pullback since covid? Impeccable timing or what? The norm for announcement-to-split is 2-3 months out, but they split within 3 weeks!?
For example, AMZN recently announced a 5/27 split; and GOOG who announced 7/15 split in December.
The 22nd phenomenon is just when new contracts start for the next month; but looking at it from an ETF Giant's point of view you may glean something from the moves here.
Did they know there was a problem? When? Did this help cause it? Any theories welcome. I'm not 100% sure what to make of it, but ProShares seemed to know exactly when to reset the books; and didn't give retail much notice.
TQQQ Split History Table
Date Ratio
02/25/2011 2 for 1
05/11/2012 2 for 1
01/24/2014 2 for 1
01/12/2017 2 for 1
05/24/2018 3 for 1
01/21/2021 2 for 1
01/13/2022 2 for 1
The Santa rally came on the new year.SQQQ I was waiting and waiting on this one and we all knew it was going to come and it finally did.
My last charts are now useless now that they did a reverse split on the thing 5:1.
Well if they did not do that then it would have dropped past a buck and been delisted eventually so they had no choice.
Maybe I am a broken clock who is right twice a year but I will chalk this one up asa win.
A 45% gain in 16 trading days is pretty amazing for SQQQ - I usually expect a win of 7% or maybe 12% but 45% is unreal.
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PSQ Proshares Trust: Short opportunity on monthly.PSQ is trading inside a 1M (monthly) Channel Down (RSI = 36.191, MACD = -3.690, Highs/Lows = 0.0000) which last December made its Lower High. A Death Cross (MA50 under MA200) formation occurred in March on 1D and after a 27.60 bottom, the price has been rebounding towards the MA200.
Last time the same pattern occurred was in 2016. The rebound resulted in testing and even marginally breaching the MA200 before collapsing to a new Lower Low and continuing to a very prolonged bearish sequence to October 2018.
We expect a similar price action and our short target is 25.00.
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