TQQQ I Next long opportunity - following correction from 74.87Welcome back! Let me know your thoughts in the comments!
** TQQQ Analysis - Listen to video!
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SQQQ
SQQQ I It will decline from top of the resistance channel
Welcome back! Let me know your thoughts in the comments!
** SQQQ Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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SPX 666The S&P has proven itself a safe haven over the years and will likely continue doing so. There are a ton of reasons why the markets should collapse, nonetheless here we are rallying into the sunset. Taking a step back on the logarithmic scale we can see the pattern clearly. We are in the midst of a 3rd wave up with plenty of room to run... but where to?
Near term and long term targets below.
Using the Fibonacci extension tool we can overlay a road map to the next destinations. No surprise there is a near perfect match.
The Near Term Top
The 2.618 level above at 4,500 is an area to pay attention to and is the current near term target. My strategy continues to be 'buy the dip' all the way up to these macro levels using the 1 hour chart with an RSI set to 10. However, 4,500 on the S&P does not look like the end of this cycle.
The Long Term Top
My long term call for the top is around 6,660. Not only is it sandwiched in between the last fib extensions. It is a historically significant pivot point.
No, I'm not a conspiracy guy but I do think it's hilariously entertaining that the major pivot points all happen near 666 levels. Looks to me as if the market is flying towards 6,660 like a bat out of hell.
Trading is risky. Don't do it.
Live trades with entries and exits will be updated on the post linked below titled "S&P 5,000,000"
Long:
MES futures
+ a basket of other equities
QQQ Intraday $100 to $2500 with options RECAPQQQ is shown here on the 15 minute time frame. Overlaid are a HMA 7 and SMA 5 to provide
moving average crosses. QQQ made a "M" pattern. Options charts are shown in the updates.
First Trade SQQQ is opened at 9:48 for $ 6.00 per call contract times 16 contracts. It is closed
at 10:05 less than 20 minutes later at $20.00 per contract. $96 dollars the only risk in the trade
is waiting to settle as is the $ 224.00 in profit. ( This is a same day expiration intraday trade)
Second Trade QQQ as QQQ has topped and is pivoting down. The second trade of the day
is not a same day expiration as it is now Friday afternoon, a put option in the direction of the
trend is taken for Tuesday the 20th, there being no puts for the Monday holiday.
The floating profit is $ 224 and the strike is set for below the money in the current direction of
the trend. A strike of $ 429 selected. The options chart is shown in the updates.
The premium was 0.37 so $37 per contract so six contracts were taken for a total of
which is $222 or slightly less than the profit on the first trade. The trade is taken at 14:47
market time and closed about 90 minutes later at 15:52 before the close.
The contracts sold at close for $ 1.41 each yielding $ 141 per contract or $ 2256 overall.
Between the two trades $100 was risked and $ 233 + 2256 or 2489 overall.
The Reward to Risk ratio was about 25. The profit and the initial $100 into the trades
awaits settlement after the holiday.
This trade was made to teach a mentee about the power of options leveraged with narrow
expirations to optimize profits and not spend a lot of time in the trade to minimize risk
in the market from any number of potentials. Alerts and notifications centered on moving
averages and rise or fall of intraday low time frame relative strength are used to lessen
screen time. Twenty baggers may not be everyday but then again with practice and patience
they can come along often enough.
QQQ rangbound bearish bias SHORTQQQ on the daily chart hit a hpivot high on 3/21 followed by a slight downtrend of 1-1.5 %
overall this past week. Buying volumes are low. The Price Momentum Oscillator has
reversed to bearish and the Raltive Trend Index has entered the chop zone and is heading
bearish. Price is presently one standard deviation above the intermediate-term anchored
VWAP. Reversion to the mean suggests another 1% move downside before VWAP support
exerts itself. Price is compressing in a symmetrical triangle. Accordingly, I am expecting
a move down before a potential reversal in a VWAP bounce from that support.
QQQ, ICT Short Setup, small lot👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Short setup in
QQQ for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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SQQQ leveraged inverse QQQ LongSQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading
session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes
before market close. I took a long trade of shares and call options striking $10.00 for June 14th
at that point. I am expecting a 5% quick return on the shares and far more on the options.
The relative volatility indictor is helpful to further pinpoint the reversal for best entry.
(red to green) The set of Hull Moving Averages ( 14 and 35) also serves to signal "death" and
"golden" crosses which serve to further aid trade entry accuracy. The relative volume indicator
( of veryfid) also helps in that regard. It has extreme volume spikes in black. OF particular
interest, the last 15 minutes of the trading week has a volume spike of buying in SQQQ.
This comforts me to know that other traders saw what I saw. I am fortunate that I saw it
about 45 minutes before them and got a better price. This demonstrates the value of indicators
and knowing how to apply and interpret them. Trading is not as complicated as the pundits
and the fee for services and trading room coaches will have you to believe to make you
financially dependent on their "guidance and assistance".
$RUT FANTASTIC STRENGTH, $NDX is the opposite!WOW what a phenomenal day!
There was HUGE volume on the TVC:RUT AMEX:IWM & it closed near the highs of the day!!!
NASDAQ:NDX on the other hand had heavier than normal volume and closed near the lows of the day
Add to the misery, bearish engulfing was formed today. NASDAQ:QQQ
Did we just see the initiation of money rotation?
Plan Your Trade 6/24/24 - Prepare For Rolling Price ActionThis continued video series focused on my SPY Cycle Patterns teaches you how to plan for future price swings and bigger trending days.
Today, I expect the SPY to stay relatively muted in trend—possibly moving downward overall. The Up-Down-Up (countertrend) pattern suggests that the price will want to move downward today, perhaps setting up support near $541.50 to $542.50.
I don't expect anything big to happen today as today's pattern is followed by three days of an upward price trend. That upward trend is your opportunity for profits.
Tuesday, Wednesday, & Thursday look like a bigger opportunity for long trades than Monday or Friday.
Friday's CRUSH pattern suggests a fairly strong downward price trend. I would be cautious of taking long positions on Friday until possibly the last 60-120 min of the day (if we see a short squeeze setup).
Please use this information efficiently. I'm trying to show you how to use my SPY Cycle Patterns to plan your trading and find the best opportunities.
I will have more info tomorrow as I continue this video series.
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 .
SPY correction continues & another earnings season begins SHORTSPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci
retracement for this trend down could take it down to the 475 range or about another 10%.
Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the
SMA 100 ( green line) which is confluent with the Fibonacci retracement level. Deep support of
the daily SMA200 ( red line) representing more than a 50% retracement is at the 450 zone.
Megacap technology earnings upcoming may lead the way down or cause a consolidation for
a reversal. April will likely be a big red month. April showers bring May flowers?
$NDX in oversold territory, support levels & major moving avgThe NASDAQ:NDX , Nasdaq 100, is at a support level on the daily chart, left.
The 4Hr chart shows it is almost at the 320Moving avg, left.
Being that there's support & the intraday is at a Major Moving Avg, we'll likely get some sort of bounce around here.
The index is also oversold daily & intraday.
NASDAQ:QQQ NASDAQ:TQQQ NASDAQ:SQQQ
TQQQ Tech 3X levarged ETF LONGOn this 15 minute chart, TQQQ is in an anchored VWAP band and volume profile breakout.
Near to the end of the regular market, the RSI indicator ran from deep oversold. After hours,
NVDA reported a sizable earnings beat. The AI machine learning and backtesting indicator
forecasts and uptrend continuation. I will get call options targeting $58 for Friday's expiration.
This is a risky play, price trend could reverse and there could be no time left to recover from
that reversal. The rewards for the trade going right could easily exceed 100%.
TQQQ - Cup awaiting Handle ?TQQQ on a weekly chart in 2021 ascended into a falling wedge. As part of the falling wedge,
it started the downside initial part of a cup and handle pattern. The reversal occurred 11
months ago with the upside completion of the cup back to 57.5 In the typical cup and handle,
the handle then forms in a 50% retracement of the height of the cup. the cup height measures
44.5 over a period of about 9 months. Notably relative volumes peaked at the bottom of the
pattern. Once the retracement is complete, bullish continuation should occur to the extent of
the height of the cup above the lip. That is to say an uptrend from 57.5 adding 44.5 to get to
102 more or less. But first the retracement and reversal must occur.
Accordingly, if this is an incomplete cup and handle, it forecasts a retracement of 44.5 divided
by 2 or to about 38 as shown by the Fib retracement tool. After that price must reverse
then overcome the resistance of the lip of the cup ( 57.5) and continue to 102.
Overall, this forecasts that a bearish crash is in store for TQQQ ( as well as QQQ from which
it is leveraged). Time will tell if this pattern has given an accurate forecast. In the meanwhile,
I will watch for signs of QQQ topping out on the weekly time frame after the same signs on
lower time frames. The alternative view is that TQQQ is building an even bigger cup
right now with the lip at about 88 when the price had a high pivot down on November 22, 2021.
So, do you see a bigger or smaller cup pattern or none at all?
Gap Down, Retrace, RolloverIm using this algo strategy to commit to a bars pattern from history in the Nasdaq. It seems that theres a high chance for continued pullback in the broader index led by tech and risk equities as bear volume picks up. these are the levels im watching for short opportunities.
TQQQ Technical Analysis - Breakout and Key LevelsTechnical Breakout:
On November 13, 2023, NASDAQ:TQQQ experienced a significant structural shift with the breach of the $40 resistance level. The subsequent bull run in the tech sector propelled NASDAQ:TQQQ to a peak of $61.22 on February 12, 2024.
Fibonacci Retracement:
After reaching the peak of $61.22 on February 12, 2024, NASDAQ:TQQQ made an attempt to pull back, targeting the 0.618 Fibonacci level at $53.18. However, the retracement was not sustained, and NASDAQ:TQQQ returned to the previous high of $61.22 on February 23rd.
Current Situation:
As we await the market open on Monday, NASDAQ:TQQQ stands at a crucial juncture following the recent retest of $61.22.
RSI Divergence:
Since January 24th, we've observed RSI divergence, indicating a discrepancy between the price action and the strength of the trend. This could be a crucial signal, suggesting a potential shift in momentum that traders should closely monitor.
Upcoming Events :
This week brings important economic indicators:
Monday: Japan Inflation Rate
Tuesday: GfK Consumer Confidence and USA Durable Goods Orders
Wednesday: USA GDP
Thursday: USA PCE and Personal Spending
Friday: ISM Manufacturing
Market Expectations:
Anticipations are focused on the USA GDP, expected to perform worse than forecasted . This could influence market sentiment and potentially impact NASDAQ:TQQQ 's performance.
Forecast:
Given the current technical setup, RSI divergence and the upcoming economic events, there is a likelihood that NASDAQ:TQQQ could move towards the 0.5 Fibonacci level of $50.69 by Friday, March 1st. Traders should closely monitor developments and be prepared for potential volatility.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own research and consider risk factors before making any investment decisions.
SPY- Open Put Options to Hedge Long Stocks SHORTSPY on the 15-minute chart seems to have hit a pivot high. With a variety of long positions,
I need some insurance against a bull trap or even a black swan event in geopolitics. It seems
SPY puts would fulfill the purpose. Out of the money below the current price seems
opportunistic. Accordingly, I will take a handful of put options that expire at the mid- March
monthly 1% below current price. If the market is healthy these will drop in value especially
with time decay. They will serve as insurance. On the other hand if the market gets a cold
or worse a bad case of COVID, these will partially offset any losses while managing positions.
QQQ Topping Out After ATHQQQ looks like it may be due for a pullback after 5 consecutive ATHs. The RSI is back well in the overbought range, and many gaps below may look to be filled. Much like we saw at the end of December, a strong rally needs quick pullbacks to maintain its health. A pullback to $413 and retest the breakout wouldn't be the worst thing in the world. Hedging longs with some $SQQQ.
QQQ is sick more fed news on Friday Short StrategyQQQ is here on a 30-minute chart showing its pivot down from a near-term high in a descending
regression channel. Advanced RSI and MACD indicators are used to better pinpoint short entries
in this downtrend especially with put options contracts with expirations every other day.
Greed has turned to fear. Those equipped with experience and risk management can capitalize
now to build capital for when the bull run resumes.
Bitcoin Losing The Crypto War?Don't judge a book from it's cover. Read on and soon, you will find out who the real winner might be.
The explosive crypto mania was born because of Bitcoin. It is the reason myriads of alt-coins are now traded every day.
From the countless of alternatives, one became strong enough to constitute an alternative to the coin that started it all.
Ethereum (ETH)
From the chart below it is apparent that Bitcoin Dominance is mainly affected by Ethereum
In this idea I will be ignoring the effect of alt-coins, the dominance of which is shown in the following chart.
So how do the big guys compare to each other?
Simple... right? Well not exactly... Not all candidates fight with the same rules. Ethereum started after Bitcoin, and the enthusiasm has given it an apparent advantage.
To fix things, we must make the game fair for everyone. To achieve that, we divide each coin with the total amount of addresses (the bubble part).
In this chart above, I did an important transformation. BTC_ADDRESSES, as noted on my previous idea, is the reason items like crypto get explosive.
You know this chart above reminds me of another dominance chart:
Bitcoin did show it's power compared to other crypto. After all, it is not important if you bubble without foundation.
Ethereum is in an even bigger bubble than Bitcoin.
And a final, short-term chart for today. The calculation is again "modified-btc"/"modified-eth"
Tread lightly, for this is hallowed ground.
-Father Grigori