Looking at the TQQQ hourly chart, you will notice that the megaphone is showing reward to the downside around 56. The upside is limited to about 114 area. What is the logical play? Comments? Also the Yearly RSI is touching 80. What happened last time yearly RSI touched 80? Feb 20, 2020, Sept 2020 Kaboom! Please do your own due diligence these are just fantastic...
Good Morning Traders, We had a nice bounce in the market wednesday morning leading up to thursday premarket trading session. However we haven't seen it hold well at those upper levels at $280-290. Yesterday's sell off was due to stimulus bill not getting passed + crash of the pound currency. Although we're ultimately bullish on US equities, we're expecting...
💰 LET'S GET INTO SOME QQQ ETF ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) Neutral 🤷♂️ - 3day Chart - Green Engulfing Candle - 3/3 EMA DOTS Green We are aware on the 3day on big players like the DOW and SPX500 we are starting to see potential shift for selloff as they start to compress...
I am usually long-only and either hedging or exiting the market during times of volatility and using a rules-based semi-passive strategy, so taking an outright short position is unusual for me. Posting it publicly to see how it'll pan out. Main thesis is that: 1) The bull case for the QQQ over the past decade is largely based on momentum rather than growth. Most...
still in my NDX short via SQQQ . PA has fallen from the ascending triangle and now its only a matter of when IMO. I think once we reopen the economy in June then it will be time for the bulls to sell as all the online order hype will be ending and store's will start reopening.
Short term Bearish indicator. Likely to head down. Trade within the Lines. *I trade based on 1) Opportunity, 2) Fundamentals, 3) Chart Trends, and 4) Pure Luck. Follow me and Let's Win Some Money Together.
Keep some PUT for overnight. If Open low, I will close on Market Open. If Open high, I will wait an entry point to add more PUT.
It will be really interesting if we reach 135.5 by 6th of august !!! and we'll retrace on 30-31 on July for one day only and then continue going down!
Head and shoulders pattern breaks downward on NASDAQ:QQQ , looks like much more coming to the downside (short and long term).
A sizable rising wedge brought us 12.5% off the low. There has been remarkable price stability on lower volume in the last few sessions but the narrowing Bollinger band suggest that we are about to see a larger move. Trend line resistance, the rising wedge as well as falling volume all suggest that the move will be to the down side. It is reasonable to expect a...
The market volitility has been breaking technical support levels almost daily. I think we need to hold the 155 level on the QQQ, if we don't bounce hard, we could see the begining of a bear market.