"Ball" market! Some creative wealthy institutions created a "BALLs and PENNIS" pattern :D, which is about to ejaculate in some direction.
TQQQ trade ideas
AAPL's earning call will determine the direction of XLK.It might be a good time to have a option spread.
Normalized RSI on Leveraged Index Fund shows dip - Swing TradeNasdaq 100 is looking oversold after a bad week for tech. However, after a big selloff the RSI over multiple time frames shows oversold levels. On top of being below the standard 30 level, the RSI dips below the lower adjusted (50 period, 2.1 standard deviations) bollinger band for a more accurate reading of oversold. Over the past 6-months, the combination of the RSI dip below 30 and a dip below the lower band has been an excellent buy signal. Tech isn't going away anytime soon...
EW corrective wave after an impulsive wave. EW corrective wave after an impulsive wave. In the middle we have a nice head an should der formation. Monthly and weeks charts left a doji candle. No need to stand against the trend.
A Bearish Take on TQQQThis would seem crazy with how stubborn this market has been... but falling volume, a seemingly end-of-Elliot Wave-run, and the rising wedge at double resistance are foreboding to me.
Is TQQQ having a descending triangle on 15 minutes chart?TQQQ seems to be forming a descending triangle....more troubles ahead if it breaks down the bottom line. The good news is that macd is improving so is RSI.
bearish butterfuly on TQQQ daily chartThe only thing I don't like is that the daily RSI is way too overbought and it's due for a short term correction
15 minutes chart TQQQwe maybe in this triangle, looking more bearish than bullish for the next few days
longer trend, we may still be bullish but it's taking a break right now.
would this be a possible H&S? I see a left shoulder, we are possibly at the head now using 4 hour chart
TQQQ: near-term US market correction has a bit more downside3x-levered Nasdaq ETF (TQQQ) is in on the C leg of an expanded flat correction.
TQQQ Geting ready for a 12 pt. ripHuge consolidation after waterfall decline. Getting ready to go long when 145.50 taken out on closing basis.
TQQQLong at 130 seems to be a high probability trade with tight stop loss.
115 and extreme case of 94 are better entries if 130 entry doesn't perform.
Can TQQQ hold first level of support after breaking 45 day trendWe are seeing lots of volatility in the market as a result of the Fed pointing to further rate increase with a bonus of fear inspired by trade tariffs. I want to see MACD (12, 26) trending up and CCI above 50 before we go long. Stay cautious of further consolidation.
Long for TQQQTQQQ has recently set a new 52 week high. The pull back is due to rate hikes. Once people accept this, they will hopefully start putting money back into stocks. I see this pull back as a buying opportunity. RSI is below 50. The blue candle represents a conservative entry while the yellow are more aggressive entries. The target price is to break the 52 week high of 190. This should then carry us to 200.
TQQQI think we are in a upward range. We got hit on FB news and maybe it continues tomorrow. For the news to get these FB guys to talk to them good luck. There at there computer and they stay glued to it. I say tomorrow they find something else and the incredible strength on the Nasdaq goes back up. That's just my guess.
