TQQQ
TQQQ could be a KANG in time! When the whole market is looking to make their way to the down side....the hopium chart projections is where the fun is at!
Will take a little bit of patience for a nice entry to ride up. The closer we get down to the $15-$20 range will be able to see things a bit more clearly on when we could be seeing pivot back up. I feel like making it down to it's C19 low is of course on the probability list for its 3 bottom touches...
WATCHING $TQQQ for entry - Key Levels, Analysis, & Targets $TQQQ Key Levels, Analysis, & Targets
Buy targets for TQQQ
I’ll post the last one below this so you can see the last perfect swing…
I will be starting at 57.54 even though I think it will go lower before going higher… looking for a 22-29% swing here depending on where I get in…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
$QQQ Key Levels, Analysis, & Targets - Weekly$QQQ Key Levels, Analysis, & Targets
I actually posted this chart already on friday… but on the daily timeframe… and this is the weekly and it really shows where this needs to head before we can have another meaningful bull rally…
I think that in the next few weeks we will be trading in the red part of the box
334, 317, 303 are the three swing targets…
Sell target 16% above average 20% if we hit all 3. (48% (60) for TQQQ (I’ll post those soon))
(TQQQ) breakout or bustThe chances of a daily bull pennant increases with every daily higher low we make. Holding 4500 spx es1! Emini s&p futures withstanding and moving toward the week high would the odds of getting to $64 TQQQ skyrocket. Staying over vwma and bottom anchored vwap having no qqe short entry would be very bullish. Channel break strategies say buy over rising support, sell if we break Thursdays low.
ProShares split all ETFs w/ 3wks notice This is TQQQ-SQQQ chart.
I warned of the ProShares split, and it got little mention in the news since the announcement. This is one of the most popular ETF companies in the NYSE, with $550bn in ETFs. This is a big deal. They decided to split ALL ETFs, on short notice (3 weeks) , right before the biggest pullback since covid? Impeccable timing or what? The norm for announcement-to-split is 2-3 months out, but they split within 3 weeks!?
For example, AMZN recently announced a 5/27 split; and GOOG who announced 7/15 split in December.
The 22nd phenomenon is just when new contracts start for the next month; but looking at it from an ETF Giant's point of view you may glean something from the moves here.
Did they know there was a problem? When? Did this help cause it? Any theories welcome. I'm not 100% sure what to make of it, but ProShares seemed to know exactly when to reset the books; and didn't give retail much notice.
TQQQ Split History Table
Date Ratio
02/25/2011 2 for 1
05/11/2012 2 for 1
01/24/2014 2 for 1
01/12/2017 2 for 1
05/24/2018 3 for 1
01/21/2021 2 for 1
01/13/2022 2 for 1
3/20/22 TQQQProShares UltraPro QQQ ( NASDAQ:TQQQ )
Sector: Miscellaneous (investment Trusts/Mutual Funds)
Market Capitalization: $--B
Current Price: $53.17
Breakout price: $52.40
Buy Zone (Top/Bottom Range): $50.15-$40.85
Price Target: $67.30-$68.80
Estimated Duration to Target: 40-44d
Contract of Interest: $TQQQ 4/29/22 55c
Trade price as of publish date: $4.20/contract
Past Rate Hikes suggest an initial sell offInterest rates scale is on the left, plotted in orange.
The last time we started hiking rates from zero, we saw a decent sell-off with the first hike. Then things became bullish with subsequent hikes, until it neared 2% where markets got volatile; and then at 2.5% where we see another sell-off. If history, that could put QQQ near -40% from ATHs. I'll be watching closely next week for bearishness.
$QQQ HUGE History of QQQ$QQQ HUGE Key Levels, Analysis & Targets
I can't believe I'm publishing this one. 🤣 I want to keep it and I don't want to publish it private, but I also need to remove the lines and trade on a practical timeframe... LOL
Ok, I might lose a few people here… and that is ok.
This is in log mode.
Tech bubble one to start, and an 83% drawdown on QQQ… hits bottom in 2002… runs for 7 years, but does NOT recover before the next recession. So tops in 2007, bottoms in 2009… in 2016 we return to all time highs from 2000… WOW.
So from 2009 to 2022 is an 11 year bull run with minimal correction… and when it was supposed to correct in 2019 it was propped up by the fed instead… which actually created quite the bubble…
With that being said an 83% drawdown would take QQQ to about 68. Believe what you want and the market is one day at a time and I do trade it that way… but damn, this could get interesting…
Lets hike some rates, y’all…
It's COLD in the High country BTW ❄️❄️❄️
$TQQQ Chart ahead of #FOMC March Meeting (March Prediction)I think fed will surprise the markets with a 0.50 rate hike at the March 15-16 meeting. I think the rate hike + a spike in bond yields will decimate the market. In panic many retail traders will get washed out and sit on the sidelines. In response, funds & whales will prop up the market on low volume to then decimate the market with shorts. They will rinse and repeat all the way down IMO