TQQQ trade ideas
TQQQ , LONGBasis is 50 SMA takeback and close above , was a hard decision to whether to place stop under todays low or vs 21 ema . But wouldn't be surprised to see some chop and a rejection attempt , so I decided to keep the risk to account unchanged but lower stop location . This is dedicated TQQQ accounts first trade of the year .
Decided to give the stop a bit more room and go with the ema stop instead of lod .
Entry 56.31
Stop 49.90
Initial PT - 69.5 ( Sell 33% )
Long TQQQ @ 54 Swing trade longLook daily stoch still heading down I am early
have trailing stop in long 54
Target 62 stop drop.
Heiken Ashi Trend Trading Strategy for Stocks and OptionsThis is a Heiken Ashi trend trading strategy suitable for various ETFs/Stocks that can be utilized in stocks or options trading.
In my backtests, it’s outperformed buy and hold on all the large indices (S&P, DOW, NASDAQ) and it also works when using Bitcoin.
I've backtested and shared my finds on this strategy below let me know what you think of it and if there's anything I can do to improve its effectiveness.
docs.google.com
WATCHING $TQQQ for entry - Key Levels, Analysis, & Targets $TQQQ Key Levels, Analysis, & Targets
Buy targets for TQQQ
I’ll post the last one below this so you can see the last perfect swing…
I will be starting at 57.54 even though I think it will go lower before going higher… looking for a 22-29% swing here depending on where I get in…
---
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
get long QQQFundamentals don't matter,
people have money
people have jobs
war in ukraine is as bad as it gets
inflation doesn't matter
people want to make money in the stock market
here we go... up up and away
NASDAQ & TQQQLooks like the market run up this morning is loosing steam.. the market is consolidating and would expect to give up some gains before improving towards the end of the day. Dow and S&P are both in the green but a lot more timid. Will wait for the MACD to cross before getting back with longs.
Would expect NDQ to oscillate between 14,750 to 15,250 (support and resistance respectively).The rally today driven by Tesla and Twitter news. We will need more conviction in broader range of stocks and indexes before risk-on push will seem sustainable. The 2y10y yield remains inverted, which will dampen more Dow and S&P than NASDAQ.
Neutral: watching the paint dry while stuck in a QQQ wedgeWell, now I get to practice my discipline of not over-trading while I wait for the QQQs to find their direction. Neutral direction for me at this point.
TqqqWe are at the vwap test. and approaching the rsi over bought zone. can get crazy inthis zone watching .68 fib for target.
My prediction lines for trend analysisMy prediction lines for last 5 years trend analysis and how market behaved. I took a lot of tqqq short and long trades based on my predictions. The most striking one was to me october 1st long term short trade prediction and market bounce in december in 2018.
Target 92 by 1st week of SeptemberLong term trend still intact. It stretched down to the bottom and should hit the all time high like a magnet by the at the end of August.
(TQQQ) breakout or bustThe chances of a daily bull pennant increases with every daily higher low we make. Holding 4500 spx es1! Emini s&p futures withstanding and moving toward the week high would the odds of getting to $64 TQQQ skyrocket. Staying over vwma and bottom anchored vwap having no qqe short entry would be very bullish. Channel break strategies say buy over rising support, sell if we break Thursdays low.
ProShares split all ETFs w/ 3wks notice This is TQQQ-SQQQ chart.
I warned of the ProShares split, and it got little mention in the news since the announcement. This is one of the most popular ETF companies in the NYSE, with $550bn in ETFs. This is a big deal. They decided to split ALL ETFs, on short notice (3 weeks) , right before the biggest pullback since covid? Impeccable timing or what? The norm for announcement-to-split is 2-3 months out, but they split within 3 weeks!?
For example, AMZN recently announced a 5/27 split; and GOOG who announced 7/15 split in December.
The 22nd phenomenon is just when new contracts start for the next month; but looking at it from an ETF Giant's point of view you may glean something from the moves here.
Did they know there was a problem? When? Did this help cause it? Any theories welcome. I'm not 100% sure what to make of it, but ProShares seemed to know exactly when to reset the books; and didn't give retail much notice.
TQQQ Split History Table
Date Ratio
02/25/2011 2 for 1
05/11/2012 2 for 1
01/24/2014 2 for 1
01/12/2017 2 for 1
05/24/2018 3 for 1
01/21/2021 2 for 1
01/13/2022 2 for 1
TQQQI just took this a few minutes ago.. logged on for all of 15 minutes and said, lets do this.... Looking for a rejection here...
3/20/22 TQQQProShares UltraPro QQQ ( NASDAQ:TQQQ )
Sector: Miscellaneous (investment Trusts/Mutual Funds)
Market Capitalization: $--B
Current Price: $53.17
Breakout price: $52.40
Buy Zone (Top/Bottom Range): $50.15-$40.85
Price Target: $67.30-$68.80
Estimated Duration to Target: 40-44d
Contract of Interest: $TQQQ 4/29/22 55c
Trade price as of publish date: $4.20/contract
Bulls saying "muh pump" check OBV n FibIts gonna hit this fib and the obv trendline and then probably dump. Of course if it breaks trend I'll be the first to hop on too, but no reason to without confirmation (besides pure speculation you degenerate gamblers).
Proshares Ultra ETF Elliott AnalysisI have published emini nasdaq wave analysis but as you can see the 5 waves are more clear here with the last 5th wave unfolding perfectly as ending diagonal.
Enjoy !
TQQQ retesting support Sept 2020 resistance, turned support being retested coincidentally on the 38% fib retrace. Looking for buy setups if they present themselves. Average investors have erased all gains since Sept 2020, if not actively managing accounts.
$TQQQ Chart ahead of #FOMC March Meeting (March Prediction)I think fed will surprise the markets with a 0.50 rate hike at the March 15-16 meeting. I think the rate hike + a spike in bond yields will decimate the market. In panic many retail traders will get washed out and sit on the sidelines. In response, funds & whales will prop up the market on low volume to then decimate the market with shorts. They will rinse and repeat all the way down IMO
two paths for nasdaq futures (TQQQ)in reality the tech boom is to blame for this correction. if we werent in such business with the market weight we are currently there wouldnt be a need for the drawdown in buying that we are. this could obviously co tinue, but my bias is still long after the current contraction and retracement. divergence from vwma, rsi and qqe signals strategies are long, and i have to say that the weekend looks promising as long as we stay away from negative headlines. the conflict is mostly priced in and xlv, xle, xli, utsl having a good day in relation to the rest of the market moving down shows healthy rotation, and does not spell a crash. defensive sector stock will accumulate and prices in tech will move up.
TQQQ heading to ATHHigh Bearish sentiment.
Cash on sidelines.
Short Squeeze.
Coming out of seasonal downturn.
QQQ priced fairly according to Morningstar.
Seems to be following the projection.
QQQ/TQQQ going for all time high. Opinion and whyHigh bearish sentiment, plenty of cash and a short squeeze
