Nasdaq rebound play? Send your TopShot NFTs to the address below. I also take Hashmasks, I love all the art.
Bullish April and into June on tech.
TQQQ trade ideas
TQQQ Diamond breaking out!! Could be the start of new bull run!!Today will tell a lot but Europe has started to push TQQQ above resistance diamond.
The infinite trading loop (Covered Options)Selling put contracts on a weekly basis can be lucrative. Even if the contract is executed, you can sell a call options contract the following week. Leveraged etfs have higher premiums compared to regular shares. With this reward comes risk and high volatility.
But what are the risks? How much can tqqq go down in one week? TQQQ has a weekly volatility rate of over 5% and 8% monthly.
In the long run, if you implement good risk management I believe this can be profitable in the long run but keep strong buy and sell signals in mind.
As always use technical indicators and guidance. Good luck!
TQQQ - Keeps up with the Channel!As long as TQQQ keeps playing around between the uptrending channel's walls, we are safe!
TQQQ Cup and Handle Pattern on hourly chartCup and Handle Pattern found on hourly chart of TQQQ.
Height of the cup is 16 points
Top of the is 92 ish
Expected target = 92 + 16 = 108
Are we in the same place again? TQQQ is falling hardwe have another week to go and see how market could react to it?
Bought The Dip Bought the dip @ 88.00 when we were 2 standard deviations down and at support. A little premature however with increasing employment, states' reopening, and the passage of the new Covid stimulus, Nasdaq should rebound strongly and maybe even hit new highs. Targeting 112-121
TQQQ planning to buy in every dipI loaded up shares at 80, 70 my average cost is about 80, if keeps dipping I'll just buy more in portions and hold. today recovered quickly from 70 zone, hope I can load more at 70 zone, not sure if is gonna dip more cause looks like NQ is too bearish, but doing a good average cost work, this is required to hold for weeks.
That's how am playing this, is not a recommendation just an idea I have on this leveraged ETF.
Short SQQ, instead of buying TQQ Short TQQ instead of buying SQQThe performance, is up to 3% better by trading the inverse of the intention of the etf.
You could also stick to one or the other so you could easily inverse if the stock moves the wrong way.
CFDs are still king, but Alberta doesn't allow CFD trading.
TQQQ Big Move Up Likely - MFI+VOL+EWAVEA big move one way or the other looks to be in the making
The volume today on TQQQ was higher than it's been since 10/30
Looking at similar horizontal days of volume and correlating with MFI, only 3 days in recent history match and they all precede very large rises.
Note the intersection: Vertical Purple lines, MFI Low, and Volume High
EWAVE says we just did a very short ABC after a 5 part down.
Confirmation should come in the next few days.
QQQ dropping below 290 into prior 2008-2020 channel would invalidate and point to a 25+% correction
TQQQ ShortIn down trend Channel
Stop 98
Short 86 when break to new low
Target 65
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$TQQQ Market Correction DDThe market was extremely bloody last night, where we saw $TQQQ trading at highs of $98.07 at one point and subsequently closing at $87.90. I believe this can be attributed to the rising bond yields trend we are currently witnessing, particularly in the 5 year and 10 year treasury yield.
Between the start of February 2021 to February 24th, the 5 year treasury yield has been steadily increasing at an average of 0.01 to 0.03 daily, while the 10 year treasury yield has been increasing at an average of 0.01 to 0.04 daily.
However, yesterday on the 25th of February, this skyrocketed. The 5 year treasury yield shot up by 0.19 from 0.62 to 0.82, while the 10 year treasury yield shot up by 0.16 from 1.38 to 1.54. Typically, when the 5 year treasury yield goes beyond the 0.75% threshold and the 10 year treasury yield goes above the 1.50% threshold, the stock market tend to sell off in reaction to that. This huge one-day surge in yield return as a result of a lack of interest in bonds likely exacerbated the sell-off.
I believe that this correction is extremely healthy in a market where a lot of the valuations are rather high; and this is unlikely the "huge market crash" or the "bubble pop" premonition that many investors are fearful for, especially considering the fact that a huge $1.9 trillion stimulus will be incoming.
However, it will undoubtedly do us good to remain cautious and keep some cash on the side because in the short-term, the hardening of yields will likely lead to some volatility - which means more frequent dips for you to average your positions; but more importantly, eventually, the consequences of printing these money will likely catch up to us in the form of record-level inflation and interest rate rise, possibly killing the bull run - and we need to be prepared for it.
For now, I expect growth from the support zone of this bullish channel back to the $100 to $110 range.
This is not investment advice so please do your own due diligence!
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02/26 QQQ / TQQQ Bounce -RSI don't lieYou can see from the Daily chart going back to last Feb 2020 that all the Highs and Lows have been supported exactly when they touched RSI channel. To me this is buy-time but please do your own research. This is for my own personal trading. Covered my shorts yesteray and switched to long until the chart tells me otherwise. Comments welcome.
TQQQ - Formed a double bottom!After following successfully the pattern that we shared on FEB 7, TQQQ dropped to the prices that we expected it to be.
-With currently standing at a double bottom, a drop that came with a bull flag formation, we see this as a good price to enter
for mid and long-term investors.
-For short-term investors we suggest to wait for a trend reversal and then hop on the board!
TQQQ - TrendlineAs we all know, all the analysts and investors are talking about the market bubble that we are all in currently. And in our opinion, TQQQ is reaching its resistance line. It will need to cool-down sooner or later, we are currently waiting for it to pop the bubble and drop closer to the support line where we can buy it confidently. Good Luck to everybody and Stay Safe!
$TQQQ $87 A Healthy CorrectionThe market has been a bloodbath the last 4 trading days. We saw share price across the board easily correcting 5%, 10%, 12%, and even 15% each day.
However, I believe that the correction is not over yet. We will likely re-test the support of the bullish channel at around $84.32 to $87.27. This is a very healthy correction that is long overdue. Use this opportunity to load up on shares of companies that you believe in by buying the dip because fundamentally, there is nothing wrong with a lot of the companies that are experiencing the dip.
My target is $87.27. Please set SL based on your own risk tolerance.
This is not investment advice so please do your own due diligence!
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$TQQQ Trade Review +9.75%After smashing through our $87.27 price target, $TQQQ rejected violently back to the $96 level. This could be a sign that the worse of the correction could be over for the time being. However, I still wouldn't be too optimistic about it yet as we could still see a second and third re-test of the bullish channel's support level. As such, keep the movement of $TQQQ under your radar as you look for trade opportunities in the market as it can help you better time your entries.
This is not investment advice so please do your own due diligence!
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TQQQ next target 121. RSI and price support achieved. Those who have followed my last posts on shorting hopefully have made some $$. We have had 4 great swing days down. Tomorrow let's swing our partner back up after that 4-day dip.
We should bounce tomorrow and start climbing to achieve our next high around 121 to complete wave 5. Divergence on price and rsi with charts lining up perfectly to support our next high. Catalyst will most likely be approval of Government stimulus or decrease of long-term Treasury yields that will give it enough of a push to the next high around 121 before plunging to new lows. This could be a slow up and down climb that could take the majority of the year before we crash!!!
This is NOT investment advice. Please do your own due diligence!! Questions or comments welcome.
TQQQ , Trend following setup , Long We seem to have found support on this trend line for the time being . Also we beat expectations for LEI report today , which I think provides us a good chance market will move back up from here . Not to mention , DOW, NASDAQ and SPY are all in confirmed up trends on their 15 min charts as I write this.
Taking all that into account , I like the risk reward odds on a TQQQ long, initial target is marked on chart but after this passes a 1 to 2 risk to reward I will start adjusting my stop to protect profits. I will trade this as trend following setup rather than a swing .
Good luck ~
TQQQ Call Credit Spread - Apr 01I bought a $130 Call dated Apr 01 for $85 today, Feb 22. It is perhaps 2 weeks too early, but having this call at such a cheap price will enable me to use it to open a call credit spread in the weeks to come, following TQQQ's rebound to around $105 by March 05.
