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.
TQQQ
$PLTR - Palantir Heading Lower, BEARISH immediate and short termRejected Falling Channel for 3rth Time. Falling Channel intact.
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!
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.
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.
NASDAQ - Bearish or Bullish? As you probably are aware, 10 year yields are have been increasing for the past week or so as the fear of raising interest rates increases. In short, yields go up with interest rates as bond prices decrease. When rates are projected to go up - as markets are a forward looking indicator - stock prices will decline as investors are pricing in a higher cost of capital for companies across the board. The companies that are impacted the most are growth stocks such as the ones listed in the Russell 2000 and NASDAQ 100. These companies get hit harder by decreasing interest rates because they are borrowing at a higher rate than value companies such as Walmart or United Parcel Services.
On the 4 hour NASDAQ futures chart, price action has held the 180 day EMA as well as the green uptrend line very strongly since the COVID - 19 crash. There have been two times since December 8th where the NASDAQ futures price action has broken below 180 EMA. In both cases, the NASDAQ failed to turn bearish shortly reversing and turning higher. Obviously, this time it's different for the reason that I mentioned above - interest rates.
On the 4 hour chart, NASDAQ Futures has sold off around 9% over the past week - flirting with corrective territory. Previously, NASDAQ Futures sold off close to 12,671.25 before appearing to have turned bullish prior to getting rejected by the 180 day EMA. After the 180 EMA rejection, NASDAQ Futures touched 12,671.25 and appears to making a break to 13,130.50. I am currently holding TQQQ (ProShares UltraPro QQQ) which is a 3x leveraged ETF on QQQ. At the time of writing this, I am currently down on my position with plans to add to my position if NASDAQ Futures can break above and hold the green uptrend line that I have drawn. As of right now, the key level that I am watching is 13,130.50 with hopes that the NASDAQ Futures can break above the 180 EMA (Blue Line) with volume. In my personal opinion, I would turn more bullish on the NASDAQ and even more bullish on TQQQ if the NASDAQ Futures can hold the 180 EMA (Blue Line) with the 20 EMA (White Line) and 50 EMA (Orange Line) crossing over the 180 EMA with volume.
02/26 QQQ / TQQQ Bounce -RSI don't lieYou can see from the Daily chart going back to last Feb 2020 that all the Highs and Lows have been supported exactly when they touched RSI channel. To me this is buy-time but please do your own research. This is for my own personal trading. Covered my shorts yesteray and switched to long until the chart tells me otherwise. Comments welcome.