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SQQQ

QQQ reversal soon?www.tradingview.com [/urlOk so with the divergence on the 4 hr it is very possible wave 5 is complete, But we have a zigzag formation that has not been completed yet, C will mark the spot at 100% extension, if we were to reverse here these are some levels to watch. I know most people are bearish and so am i BUT the market has never tanked when people expected it too, that's the only thing keeping me a little bullish, also a lot of people are shorting the market so it would be a perfect time to make a big squeeze,
NASDAQ:QQQLong
by sethsalazar70
WARNING POSSIBLE BULL TRAP QQQ I'm not going to bore you with economic data, we all know the fed will continue to raise rates until the economy shows signs of weakening. The fed WILL pivot and we will see the market turn. So a weakening economy should be bullish for the market.. sounds crazy but bad is good now.. Please if your expert at Elliot wave I www.tradingview.com would love to hear your opinion on my TA. Feel free to ask any question 1HR TIME FRAME: (GREEN) WAVE 4 : $280 range WAVE 5: $242 range WAVE A: $280 range 4HR (YELLOW) WAVE 3: $242 range WAVE 4: $280 range WAVE 5: $226 range Daily (Pink) WAVE 3: $229 range WAVE 4: $294 range WAVE 5: $209 range
NASDAQ:QQQ
by sethsalazar70
4
VTI massive monthly Head and Shoulders VTI has a monthly bearish divergence in RSI. There is massive head and shoulders forming. Headlines coming about how money is flowing in. I believe they just want money to flow in so they can have liquidity to dump into. The market has had the most orderly decline this year that I know of. I still believe massive downside is in store for ETF's, blue chips that haven't fallen yet (AHEM $AAPL) and oil as well after the fantastic year it just had. We have been goin straight up since GFC and now it's time to give some back. Hopefully not too much. First price target is green ray.
AMEX:VTIShort
by sjshanesy
SQQQ long @ $40.00 I am adding onto my position in SQQQ, my last buy in point was $41.85 with the FOMC about to happen over the next 2 days, this is going to be my hedge against any drops in the market. We're well underneath the Keltner Channel and I expect to either trade sideways for the time being or move our way back into the channel as the next 2 days go on. We're sitting right under a major area of resistance, we will retest this over the rest of the week. Depending on what happens with the FOMC meeting, we may see a huge rebound in this. As you may know, asset classes of all types typically jump in price before these meetings. I may continue to add onto this position as I believe 2023 will be an absolutely s*** show with a global recession / potentially depression incoming.
NASDAQ:SQQQLong
by WatsonsView
$SPY - The market might flash crash big time real soonAll because of this shocking discovery: imgur.com I've never seen any stock go parabolic in stock hedging loans. Usually when a stock's heding loans spike, there can be a sudden rise or drop in price, it all depends on the situation and each case needs to be looked at differently. The point is, i've never seen any stock's hedging loans go parabolic like this. I would be expecting that the market would be mooning from this at least in the short term as this thing rises. There have been instances where these spikes only cause the underlying to move once they've topped and whilst they're dropping, but not whilst moving upwards. My point is that this is an anomaly, if the anomaly tops and then starts to drop, the market is going to move BIG time in either way and i don't see how any of this can be bullish especially with Covid being at an all time high in China, Rates being what they are and the supposed recession. So if i had to guess, yeah, this is a really really big move in hedging, like HUGE. Notice how even 2020 on the chart was not even comparable on what's going on here. Second Example: Here's a second example to see how other stocks move vs TQQQ and how even on the Log Scale Chart TQQQ has gone parabolic which is nuts. imgur.com So yeah, unless the next bull run is here, things are looking very grim for those people talking about optimistic Xmas rally one-sidedly to convince themselves that "market go up". I think market go down, big time and quite soon. I think there could be something setup for this just a bit after the 6'th of December, maybe on the week of the 13'th of Dec or generally in the next 15 days... SPY Dividends that usually cause everything to drop are coming really soon and we've just topped out on the absolute top resistance at $410... We're only going up if we do break $410... otherwise it's $385 minimum imo. TLDR: Market maybe go down. Obviously depending on the timing this happens with, other long plays will get destroyed along with a market move down. I'm thinking either next week during what should've been a short lived rally or the week after at most. In truth i only know for sure that this is BIG. I've seen smaller spikes cause crashes or rallies... All i know for sure is that it's BIG and probably DOWN.
AMEX:SPYShort
by leenixusu
7
QQQ setting up ReversalQQQ has been downtrending however- it broke through the mid-Fib levels which are now resistance the Momentum Oscillator shows bearish momentum decreasing to nearly zero the red dot on the center line suggests a squeeze is underway recent candles are small range and nearly Doji candles on the RSI Ichimoku are wide range and volatile in general relative strength is rising in bullish divergence Accordingly I will close the put options and open call options with 48 hours of time to expiration at a strike 1% above current price.
NASDAQ:QQQLong
by AwesomeAvani
QQQ Sustained Uptrend representing a retracement down to the Fib 0.382 level from the top one week ago on the 30 minute time frame. Double bottom at the fib level. Additional confluence from the anchored VWAP -3 stand deviations as well as now a gain today into the price of the POC line of the local volume profile confluence into the VWAP. Apparently, there are now buyers who will need to pause for the holiday. This appears to be a rally of sorts for this index fund and a decent long setup. The call options with Friday's expiration did quite well.
NASDAQ:QQQLong
by AwesomeAvani
Nasdaq short ideaugly waves but can see the pattern throgh it. good chance of going down to 11600 by tomorrow. but RISKY. why? 1- this week is option expieries of the month so huge volatility expected. 2- in the big picture we needed a bit upward rest and the huge momentom that happend proved it. still in that momentum and big wales started to ad based on their Q3 reports. then why short? well I see the chart and big stocks need to cool down a bit to get the momentum needs for possible one more up. and technically I see the order blocks and fib levels, so I see the opportunity. then how to short but low risk? simple! position sizing and TP, SL based on your strategy. Good luck
UShort
by Alirezaaa
WARNING WARNING WARNING TQQQAlot to cover here but this is what i'm seeing 1. Remember we are still in a downtrend on higher time frames so be careful. 2. We talked about a potential bounce in my last post and we got it. 3. As of right now we are in a wave 4 which usually has the longest lasting pullback, we are forming a bullish channel or bear flag and if we break this bottom channel the target puts us at the exact wave 5 target we talked about 2 weeks ago 4. On the 4 hr we are creating a inverse head and shoulders that is pretty obvious, if we can maintain this bullish channel up to the neck line and break our target would be $28.50, (61% fib retracement )if this occurs that would mostly like mean our wave 3 could be a wave 5 where we would get that deeper retracement. 5. Indicators ADX is telling me this long push up has lacked momentum we are below 25, (bearish) PVT has gone flat while price continued to move up (bearish) Thanks god bless
NASDAQ:TQQQ
by sethsalazar70
10
Soxs is the ticket out of povertyDefended support, on high volume, trendline support, Capitulation already took place, inverse head and shoulders break, semis are overpriced and garbage again after 40% rally. Come with me as we milk this one last time into vix 45 If this market keeps going up slowly or continues consolidating I will keep adding 3month and 10 year yields are inverted like hell and people are buying 2000 pe stocks into a recession god help us all The fact that Bitcoin still has buyers sickens me
AMEX:SOXSLong
by Okbronpbro
SQQQ is still looking strong, while the world markets are weakI've had more than a few people message or comment on my charts asking for an update on this. Here you go. We could potentially see a double top by the end of this week. If we do get one by the end of the week, we'll most likely get rejected around 68 and then start our move down. I'm sure my usual subscribers know I take profits early on all my trades to make sure I realize profits. This trend may not be over, but it's definitely well into it's movement. What are your thoughts?
NASDAQ:SQQQ
by WatsonsView