SQQQ is rising today LONG
SQQQ trended down the last two days of last week and especially Friday as the technology stocks surged
Yesterday had price consolidation and generally less trading volumes. I believe that
SQQQ will bounce at this level. It is supported by a cross above the POC line of the volume
profile. Under that line is the stop loss while the target is 17.95 at last week's pivot high
The relative volume void above 17.3 suggests that price may have great movement once
getting over that level. A confirmatory MACD line cross sets the reversal .
Shortqqq
8892 on Nasdaq is imminent. It’s again quite simple. 8892 is only 10% lower from here. That’s just still not enough PE compression. We are still up 525% since January 2010. That’s ridiculous. Purely liquidity melt-up not based on any fundamentals. Earnings were also a garage.. If you know this now you’ll take the red pill and understand how Marcus will work going forward and how they always should have worked. Not 0% rates and unlimited quantitive, easing or QE . QT will be massive and constant for years. With rate hikes for foreseeable future. Period. At best. $200 a share for the S&P. Morgan Stanley had it at $190 a share. $200 a share X 14X equals 2800. Now that’s at best. On Nasdaq. Ultimately. After this failed 15 year fed experiment. And PPI sand CPI much higher than anything reported tomorrow or anytime, this will be an extremely deep recession. And 15-20% chance of a depression.
Fed funds rate must be above the CPI rate. This is economics 101. Terminal rate will be north of 7%. Not 4%. The Fed will not stop. No matter what, so follow these “God Fibonacci levels” to the tee. Because the market probably has 20% more to fall at a minimum. And then you can talk about at least being somewhat close to properly priced. Everything is overvalued, especially the NASDAQ, which is the worst and S&P. be smart. Energy. Some healthcare, And qqq puts and spy puts. Nov/December time frame. Very important to have a good amount of QQQ and SPY puts. This is what the revenues are made. To hedge your portfolio and gain from times once in every hundred years a lottery ticket. Watch implied Vol. so you don’t over pay. And for godsakes, SELL EVERY SINGLE RALLY WITHOUT HESITATION. EVERY RALLY. Good luck
Deja Vu Tooin 2021, I noticed some patterns on both the BTC chart and the QQQ chart.
Now these patterns are happening again on both charts.
Last time, they didn't confirm. The market bounced back up.
It bounced in mid-Oct 2021 - when the fourth stimulus check hit people's banks while a ton of extra unemployment benefits were given to people.
I'd say it was a coincidence, but I don't believe in those.
One possible explanation was that the fourth check and benefits went into the market (just like a lot of stimulus money did). If that's true, it could have stopped the crash.
This time around, there is no stimulus money coming, benefits are pretty much back to normal, inflation is up, the market is down and the Fed is done helping the market.
Buyers have to show up somehow if this mess is going to get cleaned up.
The inverted cup and handle is in no way confirmed at all yet. I'm posting this so I can easily track the thesis on a chart and check to see if it does confirm.
If it chops around (for up to a month) around the $342-$348 range and then makes a bonafide move down past $335, the pattern is confirmed and you should grab your helmet.
027. PIGGISH PLAY - Short QQQ (Nasdaq ETF)This damn Nasdaq...
Sick of this thing already.
The Nazzy, and its faithful derivatives, have been on a mission to get to whatever fib targets it was programmed by the universe to get to since early 2020. The reason I believe that this index is particularly in pin-seeking mode is because of the price level it stopped abruptly at during the September 2020 reversal. That is, it touched the 1.618 external retracement of the entire selloff range from Feb 2020.
It was uncanny - especially since there was no particular event, rhyme, or reason for the arbitrary reversal before Labor Day weekend. Now it appears that the same thing may happen with the only objective differentiator being the name of the holiday.
It has been hypothesized that the 4.236 Fib extension of the first "vibration" (i.e. impulsive energy source) of any trend will be the exact price level where the trend pivots in a significant way. While I do believe in such things, I would not make the basis of a Pig-Play something that I have not observed empiracally many times over already. This vibrational pivot does often work when trends have proven their respect (so-to-speak) for key Fib levels.
Hence, I am short QQQ with the following Pig Specs:
- Lead Position: BUY QQQ PUTS - Strike Price: 330.00, Expiration: 03/12/2021
- Offsetting Position: BUY TQQQ CALLS - Size: 0.333*Lead Position, Strike: 110.00, Expiration: 03/02/2021
The nice thing about the Q's is that they are easy to strangle effectively using the 3X leveraged version.
-PigOnaQQQuestforVengeance
NASDAQ:QQQ
NASDAQ:TQQQ
TVC:NDX
TVC:IXIC
CURRENCYCOM:US100
QQQ - Headed DownQQQ confirming we should be seeing a broader market pullback.
Price breaking pattern at correct time.
Price is reaching down towards 10WeekMA. If we cross red zigzag, this should confirm continued downtrend to white support.
May be best to secure some profits at 10WeekMA, as QQQ looks to lag after the initial drop.
RSI and Filter Dots confirm downturn started. We should see this for the remainder of the week IMO.
I am not active in QQQ. The chart reflects Short because of the current price pattern prediction analysis.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.