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FNGU

FNGU ChannelThis is the FNGU ETF at the 4 hour. It's a 3x leveraged ETF for mainly big tech. Well, FATMANG stocks make up over 40% of the NQ - possibly more by now. This is one of my favorite ETFs to swing trade and scalp. The channels are aligned with the NQ channel that I published. FNGU found support at the middle of its channel... just like NQ. I am not sure how far this bounce will be. NQ can make great gains, but the weak breadth makes rallies hard to sustain. This is why I am waiting for the NQ to reach a major support. As you can see with FNGU, you can lose a lot in one day. If you wait until major support, you can serious bank the big bounces. The last big bounce increased the FNGU by over 60% within 2 weeks. I am not a financial advisor. However, I would not recommend holding this ETF for long periods of time. 1-5 trading sessions at most. If you want to mitigate your risk, just scalp it.
AMEX:FNGU
by Itsallsotiresome
$FNGU Full Moon FunThis one is dedicated to all the nonbelievers -- anyone who might doubt the influence of the moon on our everyday psychology and our everyday lives. Anyone who might not see the utility of basic observation and pattern recognition of 'natural cycles' like moonphase. Now some may ask why might tracking the moon work? Well, if you are a patron of mine I have written a brief summary of and also sent out the verbatim pdf that the FED published on how 'otherworldly' events can influence the markets by way of mass psychology . This chart may serve as an example. As we approach the full moon humankind's sleep quality will decrease and stress levels will increase. As people's fear and stress rises, there presents a buying opportunity at the peak of fear and potentially oversold levels ... the full moon! As the new moon approaches humankind's sleep quality increases and stress levels decrease. As people's fear and stress fall, there presents a selling opportunity at the height of confidence and potentially overbought levels... the new moon! I present to you: $FNGU a 3x leveraged fund that tracks the daily movement of the FANG stocks; because this is A) a 3x leveraged 'bull' fund and B) related to some very popular stocks for daytraders ($FB, $NFLX, $AMZN, $GOOGL), we can more easily catch upside moves related to exploiting these daytraders at their peak fear levels and then selling back to them when they are at their peak of confidence. This chart may serve as an example of the use and abuse of mass psychology as it relates to moon cycles, but there is more to this chart than moon cycles alone: As we can see the current price is between the TS and KS of the ichimoku system. Finding prices between these levels can sometimes be considered a 'value area'. Some other potentially long bias signals are the fact that we may be able to catch the 5th and final wave of the Elliot wave count presented here. We also see that a 'clone' level of the X-C-D modified schiff pitchfork has been respected as support so far. The last long bias signal I will mention is the Japanese candlestick pattern that has appeared: a bullish harami. I am proposing a trade that has ~13% downside risk with upside gain potential of ~50%; allowing for ~3.5 dollars of profit to be gained for every ~1 dollar risked (3.5:1) Manage your own risk GL HF xoxo Snoop
AMEX:FNGULong
by 420snoop
10