TQQQ trade ideas
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
TQQQ: An Ending Diagonal, an appropriate ending to an incrediblebull run that started from March 2009, a run of more than 12 years.
Psychology of the indices.This is personal opinion only. Hoping to encapsulate all market participants on many timeframes and the thought process behind why some moves may seem illogical on the surface.
TQQQ LongMost definitely alot of short interest at these prices...but nuances my friends. Resistance flipping to support (tentatively holding) with another day of a lot of absorbing on the bids...Could see a breakout back up to retest ATH levels.
There is still a downside gap unfilled from last week...but as you should know the indices don't mind leaving them behind for a few weeks before eventually filling. Good luck.
TQQQ looking to start downswing to test 1YR support Looking a the TQQQ 1 year chart, looks like we are going to see a downswing to test support again after hitting a triple top at ~$111.89 since March. Current channel movement looks to mimic that from March. My entry point is $93 on June 14th but may come up to $95 to get lifted. What are your thoughts?
Invest ideaBuy low Sell when Yield Curve below zero.
10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity
TQQQ - To the $110 💰After bleeding for a while now, the Tech sector finally shows some signs of life!
Our short-term target stands at $110.
TQQQ BULLISH SIGNTQQQ bullish sign.
1. MACD almost buy signal.
2. Price passing EMA 21.
3. EMA 21 almost bounce off EMA 55.
4. Price bounce off parallel channel.
IF EMA 21 don't bounce off EMA 55, market will sideways.
IF EMA 21 bounce off EMA 55, BUY SIGN.
$NQ Harmonic Drip 🩸🩸Huge Slide, I will attach charts we shorted, Stop is even on short used Vix on entry, peeling off more tp 1
TQQQ, TIME TO BUY!Hello fellow traders and investors, here's another trade idea.
TQQQ has been pulling on back to the bottom of the channel. It is offering a really nice setup right now and offers a 17.50% ROI.
Technicals:
The RSI is indicating that TQQQ is oversold
The VWAP is looking like an amazing support
The Macd is still indicating signs of a downtrend
When To Buy:
Now
When To Sell:
The take profit area
Fundamentals: TQQQ is a triple leveraged ETF of the Nasdaq 100 Index which means if the Nasdaq is up 1%, TQQQ will be up 3%. This ETF offers a lot of opportunity because of the leverage however if you are inexperienced I suggest you buy the Nasdaq ETF which will be less volatile. As we all know established tech companies have pulled on back because of earnings that they crushed so I'm expecting a steady recovery to its previous high. I recommend that you sell the second it gets to the previous high since it will be forming a triple top.
Rating: 80/100 because the tech sector is doing amazing I am pretty confident we will see a rally back to the previous high, the only problem with the tech sector is many of the company's valuations are very expensive.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
If you have any questions send me a message and I'll gladly respond.
Thanks.
Gap and Support at $60Gap on the daily at $63.XX and strong support in this range. Hopefully we see prices continue to cool off and present a good buying opportunity.
TQQQ - Looking for a Pull Back? IMO I think TQQQ is on its way to set a All time high on next leg up! What do you think?
TQQQ, Holds 10EMA, Long We have seen some positive moves in QQQ these past few days , we gapped down on 4/21 but then retook the 10ema on daily closing with a strong bullish engulfing candle , today we are holding the gain well . Took a long , will follow it up , stop under todays low or under 10 ema on daily.
