Long

Creating Millionaires

Updated

Well, some would call me crazy. But that's my long term view:

TQQQ made 200x since inception in February 2010 until his top in November 2021.

Now, in my opinion, we are in the middle of a Bear Market.

My expectation is that this Bear Market will last till December 22 until June 23.
After that the next Bull market should start.

My expectation for the Nasdaq 100 is to trade around 47.500 Points after this 10 Year Bull Market, which would take the TQQQ to around 1000.

This would equal a 100x from the Bear Market lows, which I expect around 10.

Of course no one can predict the future but I would also be happy with just 50x in 10 Years :D
And I really think that this is a possible scenario.

So here is my plan:

in December 2022 i will start investing all of my money into TQQQ.

For the next 5 years i will put everything into TQQQ too.

AND finally in 2034 I'm hopefully a multimillionaire.

See you guys in 2034 :D

(not a financial advise)

Trade active

don't get fooled from the bear market rally right now:

Note

3 possible outcomes:

Blue line: selling pressure from channel top

Red line: selling pressure from resistance line

Green line: builing up a hanging W formation and continue to sell at the resistance line.

Also we receive support from decreasing Moving Averages.📉

Trade active

Note

say hello to our last bullish days guys :D

most retail traders are long agian...

Note

need to update you here guys:

we started now to head lower, BUT this bear market could be also over for now.

Reason for this: we crossed above the 0.5 Fib level in the S&P 500, which indicated a Bottom 100% of the time in the past.

But our economy is really broken right now, so if we get a double bottom I expect another Bear Market in the next 1-3 years.

All in all we have 2 possible outcomes:

higher or equal low --> we should get back to ATH in the next months and rally probably even furter until the 10Y-02Y gets out of inversion = this indicates massive crahes ahead of us, which we also haven't seen until now.

or we get to newer lows now which is unlikely based on past data, but I wouldn't say it isn't possible at all.

Trade safe guys, I will update again if we see a turn to the upside again or break below the lows.

But right now the market is bearish again.

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Note

looks like we will retest the lows next week.

I will buy TQQQ short therm then, but keep the stop loss very tight below.
(as you can see in the chart above)

Because if we can't hold the lows in June we will probybly start another big wave down to TQQQ 8-10.

right now I think it is more likely to get new lows based on the economy.
But a small bounce is very likely when we test the lows, so be prepared.

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right now these are the 2 possible outcomes from my point of view

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short update: we can push higher a few %, but in latest 2 weeks it should continue to go down.

2 possible scenarios:

1. --> we will make a higher low and rally for a few months.
2. --> we will get a sideway market over the next year (probably undercut the lows a bit)

2. one is the more likely one from my point of view.

Cheers out!✌

Trade active

short term we can push higher a bit, but we shouldn't break the downtrend-line.
I'm loading up shorts over the next weeks.

Will not buy before we reach 10 ;)

Note

time for an update Guys :)
looks like we turned bearish again.

My long term view changed a bit. The FED is raising rates more aggressively, so this will cause a bigger crash as I thought last year. We should even reach a TQQQ of 5.

From my view we have 2 possible outcomes right now:

1. we hold the green line --> build a higher low and go sideways for a few months. (orange line)

2. we break it, and head MUCH deeper to my goal of a TQQQ of 5 (red line)

Hard to say which scenario is more likely right now, depends mostly on earnings (which are nearly over now), but as they start to decrease fast, we will drop big. And this is inevidable in my opinion as the FED started to hike rates too late and the big companies are already fireing many employees.

Note

Nasdaq is looking a bit more bullish than other markets.
But the final drop will come very soon in my opinion.

Right now we are building a bear flag.

Note

long time no update, but based on the past we should see the major correction soon. 10Y-02Y yeald curce is starting to uninvert soon, which always called a reseccion in the past. until that will happen we could easily go up a bit more, but be prepared. I expect a 20-30% drop over the next year, which should bring us to a TQQQ to 10.

DominikS

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