TQQQ trade ideas
TQQQ, Daytrade , Countertrend stratLooks like TQQQ wants to rally now ...
Buy stop touched at 144.91 , trade active.
In 144.91
Stop is set 143.94 , plan on booking partials at 2R.
TQQQ - Still haven't formed a support..-We been shorting TQQQ from the highest highs (can be found in previous posts).
-It still haven't found a legit support on which we can form a rise. So continue the shorting.
-Our short-term target stands at $138
TQQQ - Crash is here to come?-After a good rally, TQQQ needs a well-deserved vacation.
-Analysts on Wall St predicting a 10-15% drop for S&P500.
-Drop in S&P500 of course won't leave the TQQQ untouched.
-We are keeping a bearish stand with TQQQ and expecting a drop to $140.
TQQQ - Implied Range 170 - 132 - 109This beast of a 3X party has actually exceeded it's promises.
The NQ has returned far less than 66%.
A clear Divergence, where TQQQ's have bested the promised
land on Return.
This Instrument is trading within a large Range.
One that can continue to higher Targets prior to taking an
outsized Dump on the heads of chasers.
Every time we have sold a level, we end up having to sell it
higher to improve our overall positions.
Every time, without fail - only y release it again and patiently
wait for the next Micro to complete.
And although the correction to TQQQ will overperform to the
downside as well... we simply are not convinced it's done
tearing up sellers into what should be "Warning Season for
TECH."
132 - 170 appears to be the Implied Range for now.
It is difficult to choke off an $80K loss entering too soon.
It's wait and see here, break up and out of consolidation or
a larger retracement.
SOH until we see this break - 153.90 or Fail.
TQQQ - Back to the scene of the CrimeWe Filled 2K @ 150.14.
Happy with refills and looking for more.
TECH will be the leader to the downside once again.
Tik Tok, we're patient for the plunge sponge to sop up all
those panic sells.
C H I N A
Exponential RegressionI did these by hand - do you know an indicator which calculates exponential regression ?
Long anyway TQQQLong anyway TQQQLong anyway TQQQLong anyway TQQQLong anyway TQQQLong anyway TQQQLong anyway TQQQLong anyway TQQQLong anyway TQQQLong anyway TQQQLong anyway TQQQLong anyway TQQQ
TQQQ - Sell to open 143.55Globex SELL - 143.55 x 2K - 1st Position
SEC warns on China's Listings transparency.
China remains the 800lb Gorilla in the room.
The rising wedge broke, only to be retested with
the required new ATH.
Big tech with the exception of FB/GOOG will be
lowering guidance, reducing EPS to compound prior
Q2 negative guidance.
AMZN YOY Warning stuck, AMZN has had difficulty
moving higher - ie. dead $.
Big Data will excel while Semiconductors come under
further Duress (SOXS SELL 40K)
Our Sell Position is to 4K shares, the target below
remains a break of the prior lows.
Geopolitical Risks remain high within the SCS/Taiwan
areana.
Interest Rate pressure will continue to build as the Yield
Curve's 10 - 30 spread is setting up to decline in Price as
Yields move higher into Fall.
FX is projecting a Higher DX, consolidating as Consumers
continue to increasingly Hoard Dollars.
Supports and Resistances for TQQQI am a big believer of once the underlying asset breaks a support/resistance that it will test the next one (above/below). Here are my supports and resistances for TQQQ.
Incoming Market Correction!!The QQQ has remained within this parallel channel for months now.
As soon as it becomes over extended (top line), it corrects hard for about 20 days.
Get in now and wait, or hope for a small bounce and get in.
I believe we are headed for a correction.
Buckle in!
TQQQ : AAPLA clear divergence is forming between AAPL, TQQQ, QQQ
July will be the High for NQ IMHO, it will see a large correction
beginning next week.
Semiconductor Sector has immense issues.
We could see a 20% decline in Tech as shortages will crimp
earnings as Input Prices are being rejected.
The NQ has the potential to make a new high, it must break
the Range posted earlier this morning or failure will occur.
A decline will be rapid, NQ always follows RTY.
Waiting for the opportunity!!The Nasdaq market is looking too hot and it reach a strong resistance What do you think?
TQQQ - A better SellIn discussion with other Traders regarding the best way to Sell the QQQs - SQQQ is clearly not the Instrument, rather a Sell to Open on TQQQ is preferred.
We sold 2.5K - 133.88 ~
Our Stop is now 131.48.
As the QQQs build upon AAPLs Gamma Squeeze, the EPS News for AAPL will be sold, Calls were bought @ the 140 Level in large size.
IF you are considering how to best Sell the QQQs and do not use Futures, use TQQQ Sell to Open.
TQQQ can be cut by 1/2 with relative ease.
By August, Minimum Support $130, Max Resistance $150Given the aggressive climb in price, it is possible that we continue the current trend upwards and see a potential high of $150 near the beginning of August. Or at a minimum, see the price no lower than $130.
TQQQ Wave 5 Up (3 Cycles) - Not US10Y CorrelatedOn the long timeline TQQQ is in a wave 5 up, and could have another 2 months upward.
We're roughly 49 days into a 120 day period.
Wave lengths aren't constant but do seem to run 3-4 months up, then 2-3 months correcting, before ultimately heading upward again.
With a 50.8% Average Return Rate over the past 10 years even with the pandemic mess. I'm long TQQQ.
I was long for 5+ years prior to the Sept 4, 2020 drop, went to cash, and now regret it.
Pundits on the news keep trying to blame pullbacks in tech on interest rates.
Comparing them shows it to be untrue. There are times TQQQ goes up or down in synch with US10Y and times they don't.
* NOT FINANCIAL ADVICE * NOT A FINANCIAL ADVISOR *
TQQQ - Time to Cool-Down-After the nice recent rally, time to take a breather for the TQQQ.
-May find a good support around S1 level.
Possible targetsThis stock reached over the $116.15 target premarket but could not continue the momentum. Currently I have a put on this stock and I think it can fall to the $107 or $104 area.
Leveraged Index ETFs performanceI just tried to see how the returns in the stock market compare with the Housing. We do take the leverage in housing by investing only 20% (5 times leverage). I do see the best and easy way to take leverage in stocks is via 3 times leveraged indexes. So picked few for understanding. I think stocks provide lot more returns, no maintenance, no monthly contribution plus huge liquidity.
TQQQ - I'll be back (Terminator Voice)🤖-After having the recent tech turmoil, now it seems like the market has finally settled down.
-Last time a big double bottom was formed, TQQQ experienced a shocking 97% increase in just 5 months.
-Currently, we have the same formation again and it wouldn't be unrealistic to expect the same numbers again from these upcoming 5 months.
Our Opinion:
-We keep our target for the future 5 to 6 months at $170
