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TQQQ trade ideas

TQQQ after CPI I don't know yalls current situation but right now I'm sitting on cash. In order for you to become a good trader you have to lose, when you lose you learn a lesson and you turn those lessons into a set of principles that you follow. Follow them. So this CPI data release could have thrown a wrench in our original Elliot wave.. I said COULD.. From looking at the chart i created another uptrend channel, we buy in the green sell at the red We talked about the potential of the wave 1 and 2 in the last post and whatever happened today will set the new Elliot wave count and it did Currently their is no reason to get overly bullish so for now Big picture we are sticking with the original wave count, but there are sub wave counts we can trade. Next trade I'm looking for is the wave 4 pullback, this one will be a little risk but again I'm following my rules if doesn't work out I'm good with it. Currently the ADX and MFI are both respecting the uptrend, but watch the MFI closely it might create a bearish divergence that will take us to the wave 4 TSV matches prices action I do apologize for how busy the chart is Please if yall have any questions let me know I would love to hear them Thanks God bless
NASDAQ:TQQQLong
by sethsalazar70
TQQQ at close We hit the wave 4 target that we talked about in the last post... where are we going???????? honestly i have no clue but this is what the chart is telling me.... We are in a larger time frame pull back.. Y'all already know the elliott wave count it's pretty much stayed the same the last couple of days... Right now i see wave 5 coming.. ADX is detecting a weak downtrend which tells me that we are in a pull back not a new impulse wave.. that could change but as for now thats what im seeing.. Scenario #2 would be what everyone wants.. the bull market to return.. yes inflation reports have been positive but a bullish market, low unemployment and booming economy is not what the fed wants. Regardless we are gonna make money in a bull or bear so it really doesn't matter. Thank yall God bless
NASDAQ:TQQQ
by sethsalazar70
2
TQQQ update mid terms Well we talked about hitting this level in our last post and the target was hit, again I'm only looking for short positions. (Below 200 ema) Currently we are overbought on the MFI and if u look back this has marked a good opportunity to short the market. TSV started showing bearish divergence ADX validated the trend. Which is bullish but still a little early to confirm Currently I'm seeing a bear flag unfolding and I have the target on the chart. Bullish scenario here is that we created a wave 1 and 2 and target being the $24 range. I don't see this playing out unless the cpi data comes in better than expected on Thursday. I also listed the sub wave count for this last leg down Do yall like the daily updated or should I just update the previous ones? If yall have a different opinion I would love to hear it thanks god bless
NASDAQ:TQQQShort
by sethsalazar70
7
TQQQ These next moves will be dictated by the PPI report, If better than expected we have the Green scenario. If its worse than expected we have the red scenario. Elliot wave: Nothing has changed, I believe we are still in a wave 4 correction, with low volume. We hit the 38% fib level which is a very common fib level for wave 4. We are showing signs of bearish divergence on the macd which could play out tomorrow or next week. We are officially trading below the 200 ema. If we break the ascending trend line it is highly likely we see new lows Good luck yall God bless
NASDAQ:TQQQShort
by sethsalazar70
2
$TQQQ - V shaped recovery-As of the last 7 days, TQQQ shorts are capitulating whilst SPY shorts are increasing. The effect is a sideways crab market. -2 months before, SPY shorts capitulated and instead built a massive short position in TQQQ never seen before in size. It looks like the switch over from TQQQ to SPY is currently in progress. As for the prediction of TQQQ going to $24.2 whilst also calling a crab market, that's just a hunch. TLDR: This is more of a personal prediction. I threw some money at it in case something becomes of it. I would not suggest you do the same.
NASDAQ:TQQQLong
by leenixusu
Buying TQQQ @ $18.00 I am starting a small hedge on TQQQ. If you don't know, I flip from buying SQQQ and TQQQ. Our 4-hour chart is signaling a slow of momentum downward, as well as what may be the start of a pullback. We're currently in a major area of support. We just broke underneath the Keltner Channel and we'll have to retest resistance to move back into it to signal the start of a reversal. Our MACD and TSI indicators are signaling a slow down and potential crossover, which will be bullish. I believe we'll retest the resistance of the 200-day EMA. We also have a thin band of resistance in our Ichimoku indicator to take into consideration.
NASDAQ:TQQQLong
by WatsonsView
Normal Monday Pattern QQQ for 12/5/22This is a historical weighted Moving Average of QQQ for Mondays. To build the model, I took a straight average of the past 37 Mondays, and then used a moving weighted average of .15 for the past three Mondays. Unfortunately, Mondays have not proven to have much price action. You can look for some volatility in the early hour with highs and lows, but the five minute interval mostly staying within a range, followed by a big drop around 10:25 AM. Followed by more choppy boxable action. At 1PM there appears to be a historical afternoon low, which rises until 1:45PM. Then a strong pivot down at 3:00 PM to close.
NASDAQ:TQQQ
by dratzlogic
1
Monday FOMC Weeks QQQ for 12/12This is a 5 minute moving weighted average pattern looking at the Mondays for the past year falling on the weeks of the FOMC meetings. I used a straight average for the first five Mondays, then weighted the last 3 Mondays falling on FOMC at 15% consecutively (7/25/22, 9/19/22, 10/31,22). Historically, the high clocks in at the 9:40-9:45 interval, followed with a steady decline until 12:10 PM. Look for choppy boxable action from 12:25 to 2:25 with low opportunity for scalping (You should take a walk here, go to the gym, sing a song, or read a book during this time). Finally we have a good historical liftoff with steady rise starting at 2:45PM until close.
NASDAQ:TQQQ
by dratzlogic
everything could have just changedif we see downside in semiconductors and rotation between sectors tha is slower and more masured leading to slower losses in indices, and the countertrend movement breaks out into a larger rebound i would call this the beginning of a broader market recovery. the inverse is that we traverse slightly lower, and extend backwardation with resistance around estimate (we are now below) and not seeing support till lower envelope. basically the trend is threatening to reverse in short and in long term, and if sss signal stays green index could be a buy. top of channel is not out of the question.
NASDAQ:TQQQ
by cerealpatterns
Wednesday Moving Average Model for QQQ (No FOMC Days) for 11/30This is a 5 minute moving weighted average model of the Wednesday Intra-Day stock price for QQQ. The average looks at all Wednesdays for the past 12 months, and excludes any Wednesdays that fall on FOMC announcement days (those are a separate pattern). To calculate the initial model, I did a straight average of 11 months, then performed a moving weighted average of the last three Wednesdays of the year with each week counting towards the model at a 0.15 weight. The Wednesday model shows the Open, High, Low, and Close amounts (averaged), as well as the moving weighted historical high of the day, and key pivot points. Because this Wednesday precedes special announcements of GDP numbers, it is very important to always follow price action. The model may only be useful to look for key swing points, and is not a reliable prediction of future behavior. Additionally, I have added ADX and Chop data, using the same average methodology described above. For Wednesday, expect that the afternoon will have fairly low momentum. There does appear to be a repeated large move at 2PM that is appearing in my dataset, even when excluding FOMC announcements. I would watch for the 2PM interval to make some huge move (either up or down) as this is a large, repeatable observation.
NASDAQ:TQQQ
by dratzlogic
TQQQ ahead of CPI reportI'm not gonna try and guess what the CPI data will be my gut tells me its gonna be higher but at that point I'm gambling.. If you wanna gamble go to las Vegas.. treat trading like a business am I willing to give back my 6%? no. I sold my sqqq position early so I could be cash for this CPI report, as stated in the chart I have 2 scenarios posted. If its lower I expect the market to react in a positive way. If its higher I expect the opposite. Does the market always react the way I think it should? no ADX is not respecting this recent downtrend (classifying it as a pullback) we need the ADX to increase if we want this downtrend to continue. Also keep in mind this is a lagging indicator so it might take some time MFI is not showing oversold yet which could mean we still have more downside (continuation) TSV bars are continuing to increase in size as price falls (continuation) Watch volume closely, the last fed meeting we had a ingulfing green candle then a massive dump so waif for trend direction, In my opinion I think we are very close to a temporary bottom I'm opened minded so as always let me know what yall think. Thanks God bless
NASDAQ:TQQQ
by sethsalazar70
6
$TQQQ Analysis, Key levels, and Targets $TQQQ Analysis, Key levels, and Targets Here’s an update on my buy orders on TQQQ… ultimately it looks like it might be a great put selling strategy and I might go that route as I just sold a decent size natgas position, but for now I still just have buy orders for shares… 10x at each level - I may not update this idea every single day, but I will try as often as possible and of course if they start filling… Open orders: Buy @17.64 exp. Dec 1 Buy @ 17.48 exp. Dec 5 Buy @ 16.96 exp. Dec 6 Buy @ 17.35 exp Dec 8 Buy @ 18.11 exp. Dec 9
NASDAQ:TQQQShort
by SPYder_QQQueen_Trading
5
$TQQQ Analysis, Key levels, and Targets $TQQQ Analysis, Key levels, and Targets Ok, tonights Buy order @ 17.48 that expires Dec 5 is in… All other open orders: Buy @17.64 exp. Dec 1 Getting set up for the next swing... 💃🏻 —————— If you used the strategy I did a bunch last year and the year before that then this will look similar… Basically every night I will be updating the new buy order for the next day… each day I will be adding 10 shares at the buy level (please modify this to your account size if you want to play, there is nothing wrong with trading one at a time until you see how the strategy works) I will be using options at levels where I see fit but right now I’m losing out on some really great opportunities by not having these orders in place like I used to… And if you guys haven’t seen this strategy before… you’re in for a treat… it might take a few weeks for you to see what I’m doing but once you see you’ll see how easy it is… Always make sure to select GTC (good till cancelled) on your buy orders, and you might have to select advanced order to add an expiration date to your order. And have fun, y’all… —- ALSO… 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…
NASDAQ:TQQQShort
by SPYder_QQQueen_Trading
10