SQQQ potential part 1 SQQQ is the inverse of TQQQ and follows NASDAQ 100 which are 3x leveraged ETFs.
This chart is on the Weekly timeframe... it basically shows the overextended market. I will be watching this for mean reversion toward the kijun.
TQQQ
Sell Bitcoin, Buy TQQQ?Any comments? Use support/resistance lines. It looks almost like a sine wave to me.
QQQ Long on hourly chartQQQ is showing Long signal on RSI of MACD and RSI of VWAP strategies.
when it shows on more than one strategy , it is strong signal.
Yellow color on the chart is from RSIofVWAP , blue color on the bottom chart is RSIofMACD.
Moonphases backtested QQQ NQ NASMoon phases begin 3 days after, marked by vertical lines. If the trend started the same day I gave it credit. If you could've lost considerably holding till the next moon, I put it in yellow, but still gave credit for initial trend.
Full moon (bot) was correct 9/9 1 ylw
New Moon (top) was correct 7/9 2 ylw
So it seems you can trust moon phases more than most indicators! Overall 88% accurate, with Fulls near 100%, and News @ 77% accurate.
$NIO - STIL BEARISH, Rejected at top of channel $26 Price TargetMountain Top Formation, Rejection of Falling Channel, Could not pull through 0.618 Fib Retrace, Major Head and Shoulder
$PLTR - Palantir Heading Lower, BEARISH immediate and short termRejected Falling Channel for 3rth Time. Falling Channel intact.
$TSLA - TELSA Stock Pennant Setting Up - Bearish immediate termCan go either direction soon after consolidating in the pennant
QQQ 50% decline by EOY 8500 If QQQ has a 50% decline and goes to 8500 by end of the year(see chart), then TQQQ will have 150% decline and wipe-out entire positions. I think we all knew this was coming, just hope the newbies understand that TQQQ can go to 0 when you are dealing with 3 times leveraged funds. They had a great ride but the train is coming to a stop!!! Take cover!!! Feel free to express your opinions.
Time to short QQQ again!! 1st target 12,400Many things pointing to lower QQQ. The probability of QQQ going to 12,400 is much greater than QQQ breaking resistance. This is looking to me that it will selloff in the next two trading days. What are your thoughts? Please understand that this is for my own personal trading style. Please do your own due diligence and trade safe!!
TQQQ - BONDS vs NASDAQ 👊-The last couple of weeks were tough as the non-ending rise in bonds was dragging the Nasdaq lower and lower each day.
-Now, finally, after a strong rally in bond yield we can see a sharp drop-down in the yield (orange). This is the chance for Nasdaq!
-As long as TQQQ manages to keep the nose above the 85, it will maintain the possible bullish run. However, it is still not clear if
the bond rally has come to an end!
-Lets all closely watch these 2 fighting over the throne with eachother and pay close attention to the possible re-test @ 85!
TQQQ Diamond breaking out!! Could be the start of new bull run!!Today will tell a lot but Europe has started to push TQQQ above resistance diamond.
Bear Flag for FNGU 3x etf (updated) - 23% downside possibleIt's shaping up to be a bear flag.
If right, we could see 23% downside, with a price target around mid $22.
Potential bear flag for FNGU - maybe 45% downside? FNGU is a 3x leveraged fang etf.
We've had a small consolidation (flag) but now we've started moving downward again (potential bear flag pattern).
Bear flag price target of roughly $15 would mean a 45% fall from current price.
Price target lines up with support levels of around $15 which we bounced off of multiple times in September 2020.
We also recently crossed below the 50d MA on the 4H.
TQQQ - Keeps up with the Channel!As long as TQQQ keeps playing around between the uptrending channel's walls, we are safe!
TQQQ Cup and Handle Pattern on hourly chartCup and Handle Pattern found on hourly chart of TQQQ.
Height of the cup is 16 points
Top of the is 92 ish
Expected target = 92 + 16 = 108
Held $300... Most Likely Will Grind Up...>Target $330Obviously I am super bullish on the Nasdaq 100, too many good companies, too many pandemic proof companies, and obviously Elon Musk is leading the charge towards a prosperous 21st century. However, the QQQ has been dumping hard after grinding upwards since the Coronavirus crash of March 2020. Buying at these levels is risky, but we should avoid catching falling knifes..I actually bought too early. If you take a look at my YELLOW circles, the NASDAQ 100 likes to take the elevator down quickly before taking the escalator up. I got off too early on the elevator lost a couple bags but we hopefully going to buy a discount once we confirm that the sellers have exhausted.
Its hard to predict the future but if your looking to enter the market this wouldn't be a bad spot (anything below $310). Once tax season is over I think we can recover back into my upward moving channel. It also depends on the sales of APPLE products, TESLA vehicle delivery for Q1 2021. GOOGLE is holding strong at $2000 even with all this turmoil currently. Remember when there is blood on the streets....its time to pick up those lost wallets. I would remind you guyz that this looks like a dumpster fire so wait to see a clear reversal to limit your risk.
You can obviously apply this chart to TQQQ.
Potential NQ SupportNQ at potential support. Looks like NDX will open lower Thursday . . . and it was somewhat expected that futures would gravitate lower considering VXN closed in no-mans-land today. . . anticipating a tap of VXN at the 36 level resistance and then NDX to the upside. PCC is within normal levels indicating to me that there is little panic and/or bearish sentiment has low conviction.
