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SQQQ

NASDAQ, Statistic, and Fibonacci...Institutional investors call themselves "Smart Money" because they have access to more data and analyze it better than us at any moment. If you check Fibonacci time zones on NASDAQ, you will be shocked: 1- weekly chart: post-pandemic Bull market last 55 weeks. (55 is the 10th number in the Fibonacci sequence) 2- In the hourly chart, it follows the time zone and retracement levels: The important question here is to find the next probable reversal zone: Model A: Model B: Now let's review the past and see what was the most common pattern in NASDAQ weekly chart in the past 60 weeks using some statistics: Weekly chart: 1- Between March 2020 and April 2021 (55 wks) we had 31 green and 24 red candles! Net outcome:+107% (average +1.95% weekly) Even in the longest bullish market, 43% of weekly candles were Red! 2- The Most common pattern: 1 Geen candle followed by 1 Red. repeated 9 times! 3-For the first time in the past 60 weeks CURRENCYCOM:US100 closed in rd for 4 consecutive weeks! and this has happened after that 55 weeks! 4-During the longest Bullish market ever, we see a 5 consecutive green candle only once, 4 consecutive green twice, 3 consecutive green once, and 2 consecutive green 3 times! How we could use this information? Let's assume you bought TQQQ every week. Your chance of closing your trade and making profits could be 70%! This is way above the 51% success rate of the Medallion fund of Reinacence Technologies which is the most successful fund of all time. How we should use all this information: Scenario A: You believe we are in a Bullish market: Buy TQQQ every Friday. (This could be good after 4 consecutive weekly red candles, but not recommended) Scenario B: You believe we are in the Bearish market: Buy SQQQ every Friday. ( IMO: This could be a better choice in a longer time frame)
NASDAQ:NDX
by Moshkelgosha
4
QQQ slide SQQQ rise We are what looks like a perfect setup for an SQQQ rise which would mean a QQQ decline. Currently it's been trading in a descending wedge and about to cross over on the daily MACD. This is followed by low RSI and and some near term gaps that need to filled. I think the question is how far does the NASDAQ have to decline again for these gaps to be filled? Could have another small decline tomorrow or we could start a reversal next week... who really knows Looks like a nice set up to possibly take advantage once there is a clear breakout. That's all folks.
NASDAQ:SQQQ
by moonman777
It is an undeniable reality! Complacency phase!While newbies were hoping for markets recovery, those who have plans made themselves ready to benefited from BEAR market. If you look at the SQQQ weekly chart you will soon notice the reversal in trend and huge increase in trading volume, almost 10 times in comparison to 6 months ago. No need to say we see huge decrees in trading volume of stocks, and EV makers as front runners of the market since February 16. Please read my analysis on February 17, 2021, and see that I mentioned correction seems inevitable..! That day NIO holds price tag of 56, and Tesla was 794. I started writing bearish views from mid February 2021, and asked my followers to cut their exposure every week and use tight stop loss, 3 weeks ago I asked them to sit on their cash and just watch, no regrets so far! I started shorting the hyped and overhyped stocks and asked my followers to do that! There is a comment below my WKHS short analysis that one follower thanked me for 2000% gain shorting workhorse..! Two weeks before that people trashed me because of bearish views on workhorse. They forgot the I was putting my target on 40-42 when WKHS was 20-22. Past is Passed, let’s talk about current situation. We are at the beginning of a new era, yet most traders/investors are in the Complacency phase. They tell each other we should cool of and wait for the next bullish rally. Most of them think 1.9 trillion stimulus package will be their savior. Now let’s look at the reality, what happened in the market from March 2020 to mid February 2021 was the absolute definition of Melt up phenomenon. What Is a Melt-Up? A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly by a stampede of investors who don't want to miss out on its rise, rather than by fundamental improvements in the economy. Gains that a melt-up creates are considered to be unreliable indications of the direction the market is ultimately headed. Melt ups often precede meltdowns.(investopedia) The definition of meltdown will show up soon..! Moshkelgosha
NASDAQ:SQQQLong
by Moshkelgosha
16
Possible Recovery Ahead! $SQQQ AnalysisThere might be a sign of hope in the near future! $SQQQ has rallied hard today, showing true weakness in the overall tech market. Although this rally crushed a ton of growth equities, there are a few critical things to note here. $SQQQ is showing signs of a bearish formation on the 1-month (triple top chart pattern), and various catalysts regarding vaccine rollout success and employment levels rising can start to show signs of true economic recovery, not just within the stock market. Time will tell in regards to what happens in the short term, but I personally see another rally once more people receive their vaccines and we return back to the workforce as usual. GLTA!
NASDAQ:SQQQShort
by ClargyInvesting
6