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Tqqqq

Buying TQQQ @ $18.00 I am starting a small hedge on TQQQ. If you don't know, I flip from buying SQQQ and TQQQ. Our 4-hour chart is signaling a slow of momentum downward, as well as what may be the start of a pullback. We're currently in a major area of support. We just broke underneath the Keltner Channel and we'll have to retest resistance to move back into it to signal the start of a reversal. Our MACD and TSI indicators are signaling a slow down and potential crossover, which will be bullish. I believe we'll retest the resistance of the 200-day EMA. We also have a thin band of resistance in our Ichimoku indicator to take into consideration.
NASDAQ:TQQQLong
by WatsonsView
NQ - Large Funds were Friday's Sellers / Macro Context8 Minutes and 49 Seconds: "The Federal Open Market Committee's (FOMC) overarching focus right now is to bring inflation back down to our 2 percent goal." "Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance." "While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses." __________________________________________________________________________ $3 Trillion in Equity Complex losses, the result. __________________________________________________________________________ After a slow build, FOMO took hold as the Financial Media began its Pivot dialogue. On 34 separate occasions, Fed Members attempted to extinguish the narrative which appeared to self reinforce - every time a Board of Governor member spoke. A bizarre and high velocity move higher to the day of reckoning which took participants by surprise. Their overarching thesis had been reduced to a puddle in 8 minutes. __________________________________________________________________________ A slow-motion waterfall of 4.5% for the NQ, blowing through the .618 or Negative .382 of the entire move off the lows to very recent highs. A powerful message to Market Participants, which became self-reinforcing as the Afternoon progressed. Internals collapsed as Large Funds began liquidating Tech. If you have followed recent commentary, you understand why. Markets were simply a ticking bomb, hot potato, and overreach of extraoridnary guile as Meme's went ballistic only to give it all up and likely much more in the coming weeks. Bonds, the Dollar, Energy, and Soft Commodities are all at Pivotal junctures. __________________________________________________________________________ "The historical record cautions strongly against prematurely loosening policy." - began to cycle through mindshare across Trading Desks as the PM Session unfolded. An important admission by a Fed Chair. One that I have repeatedly hammered home here on Trading View through Multiple commentaries with a multitude of examples. Without exception - every one of the 9 events where inflation crossed 5%: 1945 1948 1953 1969 1973 1980 1981 1990 2007 Recession followed. 2022 is somehow different... according to some, new, All Time Highs will arrive. It is absolutely, not different. "The historical record cautions strongly against prematurely loosening policy." It does indeed, although the results this time will be extraordinarily different as the foundations are crumbling along with future arrangements. During recessions, the Lows formed After the Fed began to reduce rates - within 1 to 3 months the bottom formed. In sum, this is in no way similar to the prior 9 Recessions, and the Federal Reserve knows this very well. __________________________________________________________________________ We are facing extreme Volatility once again, I see no signs of it letting up. Mid-Term Elections are outliers, we will see how the Admin attempts to Politicize the the new reality - "Inflation is Zero" will not do. The DX breaking 110 will create panic.
CME_MINI:NQ1!
by HK_L61