Could ProShares Split Again Soon? So far, it hasn't spent much time below 0, but that could change very quickly here. If TQQQ falls under $30 any time soon, ProShares will be forced to consider another split in record time.
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...
XLK reached pitchfork support line, will go upXLK reached pitchfork support line and is expected to start going up (the market as well for that matter, as other symbols such as TQQQ show this).
Could we see an Inversed Head-and-Shoulders Pattern on the $NDXJust try to see where this market is going, could we see an Inversed Head-and-Shoulders Pattern on the $NDX? $TQQQ $HQU $QQQ
Bearish Rounding Top - NQ1!Bull trap leg on a rounding top, expecting move back to 13100 in upcoming days and a continuation to the downside. Short confirmation after clearing natural support of 14000.
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))
TqqqWe are at the vwap test. and approaching the rsi over bought zone. can get crazy inthis zone watching .68 fib for target.
Target 92 by 1st week of SeptemberLong term trend still intact. It stretched down to the bottom and should hit the all time high like a magnet by the at the end of August.
(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
Bulls saying "muh pump" check OBV n FibIts gonna hit this fib and the obv trendline and then probably dump. Of course if it breaks trend I'll be the first to hop on too, but no reason to without confirmation (besides pure speculation you degenerate gamblers).
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.
NDX Classic Bubble?NDX is looking like a classic bubble for the time being. All the events line up really nicely for the bull run. Now let's see how diamond handed everyone truly is. Opened SQQQ position with no limit.
TQQQ retesting support Sept 2020 resistance, turned support being retested coincidentally on the 38% fib retrace. Looking for buy setups if they present themselves. Average investors have erased all gains since Sept 2020, if not actively managing accounts.
$QQQ HUGE History of QQQ$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
$QQQ Key Levels, Analysis & Targets$QQQ Key Levels, Analysis & Targets
Traders paradise, Y'ALL. This week has been amazing in both directions.
Next I’m looking at 25 Mar 313 puts. The call target is 348, but there’s a LOT of resistance there and down seems more likely… BUT you can choose one closer strike, maybe one under the resistance and a closer expiration... and still use the strategy below...
GL & happy swinging… let me know if you have questions... 💃🏻
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IF YOU ARE TRADING OPTIONS:
Step 1: Pull up the chart for the option that you are trading and open that individual option chart up. (In Webull you can right click and see in chart)
Step 2: Add a VWAP to it (volume-weighted average price) Then look at the value at the VWAP. Set your buy order 25% below that value.
{Sometimes I will buy at the VWAP value, but most of the time I’m trying to get in 25% below the premium at the VWAP. (Sometimes 50)}
YES... this take patience, especially when you want to get in right then in the moment. Trust me... there's always more entries...
Step 3: If the trade goes against you, your next add should be 50% down from what you paid at entry.
Step 4: If the trade still goes against you, double the number of contracts you hold, 50% below the last add. Usually at this point you will be set up to collect 50%.
PLEASE only try this on a SMALL scale until you understand how this works. Works very well ATM and up to 35 delta is what I have tested.
1,1,2 and so forth… This works both for calls and puts, but it’s also better when combined with solid TA, but not always necessary, especially in this volatility)
You need an extreme tolerance for volatility for this strategy. It’s easy, and it works… but please trade it small until you see WHY it works.
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IF YOU'RE ADDING TO LONG POSITIONS:
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
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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…
two paths for nasdaq futures (TQQQ)in reality the tech boom is to blame for this correction. if we werent in such business with the market weight we are currently there wouldnt be a need for the drawdown in buying that we are. this could obviously co tinue, but my bias is still long after the current contraction and retracement. divergence from vwma, rsi and qqe signals strategies are long, and i have to say that the weekend looks promising as long as we stay away from negative headlines. the conflict is mostly priced in and xlv, xle, xli, utsl having a good day in relation to the rest of the market moving down shows healthy rotation, and does not spell a crash. defensive sector stock will accumulate and prices in tech will move up.
TQQQ heading to ATHHigh Bearish sentiment.
Cash on sidelines.
Short Squeeze.
Coming out of seasonal downturn.
QQQ priced fairly according to Morningstar.
Seems to be following the projection.
