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TQQQ

XLF Triple Bottom Support for SPY Bulls, QQQ Daily Bull Flag, - XLF holding triple bottom support 15m, holding above yeseterdays low bounce off of it 3 times today, first initial sign for the bulls. Now bulls need the hourly trend change for XLF back to an uptrend to help SPY - QQQ's drop may seem a lot today due to how fast we pulled back from the morning but we are still way above 0.386 fib retracement on daily therefore QQQ is still in a bull flag zone. - if XLF starts bouncing and changing trends i am likely going to swing some short term bull positions in the leverage 3x SPXL TQQQ TNA
NASDAQ:QQQLong
by ArcadiaTrading
AAPL/MFST Key Resistance for $QQQ. XLF Houly Bullflag, 25BPS- 7.5% move on QQQ/NASDAQ in 4 days. AAPL and MSFT now hitting key resistance, will be watching to see if it can break above or not for QQQ to continue. - likely a slight pullback hourly consolidation for QQQ before attempting another leg up. - after ECB hiked 0.5% this morning our rate hike of 25Bps increased to 80% chance this morning. - XLF hourly bullflag still possible need to see bulls show up and hold above 0.382 fib - as long as hourly trend is intact for the bulls on QQQ / SPY / SPX there is no red flag at all for the bulls.
AMEX:XLFLong
by ArcadiaTrading
PPI, XLF No Bear follow through, Rate Hikes, QQQ Lead Bull- PPI data came in better then expected increasing the likelihood of a pause to 50-60% - XLF gapped down new lows but closed around cash open area, meaning there wasnt a lot of bear follow through after the gap down. The first sign bulls want to see is XLF holding its lows and start to bounce or even just going sideways is good for tech bulls. Bears want to see new lows. - QQQ lead bull held up the SPY. making 15m higher lows each time while SPY was making new lows in the end afternoon once XLF started bouncing just even a little bit you saw both SPY and NASDAQ had a nice rip higher. - Looking for SPY to form its daily uptrend then i would be playing on the bull side for swings on TQQQ or SPXL, for now im still scalping day trades and going all cash before end of the day. - Next FOMC meeting is going to be a lot more key then any other previous ones to see if Powell actually pauses or hike 0.25BPS even if he hikes 0.25 we still want to see what he say in his speeches is he going to say this is the last hike and we are pausing after this 0.25.
NASDAQ:QQQLong
by ArcadiaTrading
$DJI bouncing off Support levelEarly this open RSI looks ok & is oversold. Not buy much but it's been a good amount of selling Took advantage of this dib & went on buying spree. As we've been saying for some time, IN & OUT, scalps & short term trades. We've also been SELLING PUTS to help reduce risk by bringing premium in. If the premium subsides a good amount we cover. Not looking for home runs. We should have an okay day today but a lot of damage has been done to #stocks. $MSFT $TSLA $ZS $UDOW $TQQQ $RUN Beginning to nibble on #GOLD miners $BTG $KGC $FNV doing well today
DJ:DJILong
by ROYAL_OAK_INC
$DJI dip bought yesterday paying off, $NDX #stocks BOUNCINGYesterday pointed out that we were using cash on that dip We had sold decent amount couple days before from the longs of last week. Bought (Sold puts) $MSFT $UDOW $TQQQ $RUN $ZS and others With rates increasing & #FED staying hawkish how are we not going lower? Maybe not here but we've stated before MANY times that #markets don't work, especially now, the way most think. It's psychology & BIG MONEY moves how they see it. $DJI can very well stay RANGEBOUND for a bit. Stayed this way for 2 weeks in December. The indices are "easier" to track so find your fav company and use indices to trade around it.
DJ:DJI
by ROYAL_OAK_INC
$TSLA intraday trade YESTERDAY, NO longer want after $NDX hitAll this documented Check profile for more data --- 10am Yesterday--- 187 is support, going to start nibbling $TSLA here WITH TIGHT LEASH ------------------------ 1026AM updated Interesting that $VIX isn't moving Did the $TSLA & will likely just try & scalp some points $187 is a decent area Sold short March 17, 190 puts, were $9 bucks! $TQQQ done for quick trade, looking to close soon $NDX ------------------------ 1048AM DONE!!! $TSLA Sold $9 covered @ $7 $TQQQ done as well Even more cash than yesterday Will WAIT & see, maybe get few more scalps here & there Looking @ #Tesla $ZS $TQQQ & others for re-entry but patient --------------------- TODAY NO LONGER INTERESTED IN $TSLA $NDX looks weak, middle of trend & $TSLA doesn't look like it wants to hold Will revisit 167ish
NASDAQ:TSLA
by ROYAL_OAK_INC
Jerome Powell And 15m 12 EMA Bear Control SPY & QQQ After breaking 12 EMA 15min time frame yesterday bears have been suing it for full control underneath it. - at this price point SPY retraced over 60% QQQ retraced 50%. Burden is on the bulls to step up here. Bear still comfortable - if QQQ start dropping more than 50% retracement everything will start favoring the bears - Jerome Powell spoke today and now market is pricing in 71% chance of a 0.5% bps hike. he is speaking again tomorrow mornings 7am - Very key area for battle between bulls and bears now.
NASDAQ:QQQ
by ArcadiaTrading
15m 12EMA Perfect Guide For Both Long & Short QQQ & SPYLast week i mentioned the 15m 12 EMA guide for holding onto profits for both SPY and QQQ which we bounced off again this morning. After we broke the 15m 12EMA today i took a day trade on SQQQ and sold it close to the end of the day because we are still in a strong hourly uptrend and I do not want to hold overnight playing countertrend. Notes: - still need to change 4h and daily trend to uptrend, currently in neutral trend - Even thought i shorted today im still leaning bullish on SPX and NASDAQ for longer time frame in 4h / daily and weekly. until price action tells me otherwise so would likely be looking for another TQQQ entry. - Powell speaking this week - we shot straight up 5.5% on QQQ into resistance a pull back for consolidation was very likely
NASDAQ:QQQLong
by ArcadiaTrading
1
$14,600 Profit on TQQQ Swing Trade, What to look for next week. A deep technical analysis as to why I took profit on my 8000 shares of TQQQ and some mistakes I made on my trade that I could of done better. - Also what to look for on Monday, Monday is likely a buying the dip opportunity day for the next move up on SPY and QQQ, i explained what we should be looking for to be buying in again. - the weekly higher low is set and i will be playing off of it - bulls are still in a weekly uptrend and now we have to change 4h and daily trend back to the bulls.
NASDAQ:TQQQLong
by ArcadiaTrading
NADSAQ/QQQ Support & Resistance Range AnalysisWe have been trading in range since last Friday, i am looking for volatility to come in very soon either tomorrow or Friday after we have been tightening up for some time. I am sightly more bullish because i am looking for a weekly higher low, if this isn't the weekly higher low i would get stopped out with a small loss at these levels as now we have a clear double bottom support level to look out for with QQQ/NASDAQ. Currently holding a TQQQ position $21.57, if we break bear tomorrow will likely stop out with a small loss.
CME_MINI:NQ1!Long
by ArcadiaTrading
1