TQQQ drop due to 8.3% inflation expected 8.1%Wanted to document this drop for my personal record keeping. This is a pre market drop, will post another with aftermarket trend for analysis. 09/13/22 CPI data effects.
TQQQ trade ideas
qqe and sss are long but there is some doubtwe can look at signals all day and say theyre bullish, but the reality is that they are only bullish until they're not. this means thatwhen facts change you have to change the trade to meet the trend. i would trade a break of this pivot as bullish, and staying below it as bearish. we could follow the green or red path. sell if qqe or sss go red.
TQQQ, 4 HrsNASDAQ:TQQQ
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we are plotting a larger volume of a smaller movesideways trading is more than likely the norm until further notice daily, and ive marked out the rangebound timezone cycle as well as kept the swing target low and pivot.
TQQQ PlanTQQQ broke the descending channel, and is retesting it now. And it seems oversold. It might be a good opportunity.
Not financial advice. Do your own research.
Long term prediction for TQQQ Long Term prediction for TQQQ , risky making a prediction this far out but with total world fundamentals being negative i don't see us returning into a bull market BUT there is a bullish scenario in this TA but im waiting on a few things to unfold before posting, PLEASE if your a expert at elliots wave theory and u have pointers please let me know. Thanks! www.tradingview.com
its pretty obvious the fed seems determined to tank this markettechnology is not playing the feds game, and they are rubbing elbows with china especially where semiconductors are concerned. the dollar is the worlds reserve currency, and big corporations dont like a populace with buying power. the job of the reserve banks is to assist borrowers while preserving the lenders capacity, and with this particular administration volatility seems to be the most profitable route. this means one thing. the bear market rally everyone feared is here. im predicting a dead cat bounce followed by continued downside.
TQQQ TRENDTQQQ still looking good with a full recovery for July 2024 at $86. I personally have been testing the DCA theory on this for a little while now with $100 a month. So far it is the best performing stock I own. Performing backtest this seems too good to be true, only time will tell and I got that. (don't mind the date and price, I put that there to remind me when I drew the trend lines for each time frame using the FEOP theory)
Pending GDP announcements we could see this...I think GDP will be luke warm at best and we'll not retest the low, nor create a new one because most of our current condition has been priced in.
rangebound trading cant last bear flag or breakoutprice action daily nasdaq is ranging around the lows with the bounce not escaping vertical gravity, and the candlestick pattern forming either a bear flag or a bullish reversal. if we cross above pivot im looking at upper horizontals as resistance, and if we cross below it im looking at lower horizontals as support.
Looking to go long TQQQ soonMonthly stochastic for TQQQ and price are low.
Weekly stochastic is currently overbought after 6 weeks of buying. Waiting for things to selloff, then looking to go long at the right price.
Setup to follow.
TQQQ , LONG ( TFSA ACCOUNT ) Back in at end of day after getting stopped last one .
30.89 in
Stop 27.83
Pt 1 - 33.95, sell 1/6 , raise stop to half risk
Pt 2 - 37.02 , sell 1/6 , run balance
looks like gap down and bounce could go both wayswere off the lows for the session in the nasdaq, nq1!, and ndx, and creating a slightly higher low than yesterday. we have retested sss moving average, and nearly crossed signal to the upside. if we fall beneath pivot i would look toward sss supply area, and lower horizontals. if we stay above pivot and TRAMA i would look for upper horizontals.
a couple scenarios for critical resistancethere are a couple scenarios for the critical resistance weve just about come up to on the l nasdaq. i think were above pivot, and where we start out friday will define next weeks activity. if we hit that resistance sss moving average, and we fall beneath the pivot forming bearish divergence daily rsi i think were headed for daily consolidation. if we breech that first upper horizontal embedding bolinger bands and treating the crucial area as support i think were in for continuation until rsi comes out of overbought.
Triple EMA Study for TQQQThe 9,18, and 27 period EMA showed that there was strength in today's market after breaking out of not one, but two price channels recently.
nasdaq consolidating above pivotweve hit overbought on the hourly, and nasdaq has consolidated above a pivot point marked out by the lower end of that early june range from the last rally. if we break down below that pivot i would look to bounce on one of the lower horizontals as support, and if we stay above that pivot i would target those upper horizontals until were overbought on the daily.
nasdaq on the verge of breaking outthe nasdaq 100 is showing that it can reach for the highs, and is on the verge of breaking out above major resistance to levels not seen since early june. continuation seems likely, and i have critical levels of support and resistance marked out as horizontal lines where it may pause, or bounce. sss is green and qqe is long. if we get over one of these lines i would look to the next horizontal above, and if we break below one of these lines i would look to the next horizontal below.
TQQQ UptrendLong term it looks great. With the addition of Elliot wave patterns, even in the short term it looks promising. We have witnessed the bottom already. Time to restock on the juicy TQQQ.
looks like the bounce may be oversss signal has gone back to red kn the hourly, and if we loose mid 28s were probably headed for mid 26s. if we regain the uptrend holding mid 28s and closing over low 29s id imagine we will revisit those premarket highs hitting 30 soon.
TQQQ , LONG ( Swing account ) End of day entry on same price action but only much smaller size than earlier attempt
*took out prior two lower highs and 50 sma takeback
Entry - 28.49
Stop - 26.59
PT1 - sell 1/4 at 1R , raise stop to half risk
PT2 - sell 1/4 at 2R
then trend follow balance and add when applicable
Risk to account 0.5%
