TQQQ Long OpportunityWait for TQQQ to bounce around on support and use it's leverage to get a fantastic gain over the course of a month and a half or so. You may have to wait until after the FOMC meeting for a real change in direction but this is a great discount on leverage. Basically hold until you hit some kind of resistance, may take 3 weeks to get there after support is found.
TQQQ trade ideas
TQQQ Weekly FibonacciNote: 0.382 | 0.50 | 0.618 & 0.786 retracement levels.
Tips: Watch out for Cups, Flat Bases, Cup-With-Handle Bases & the Double Bottoms. These are the most successful base patterns.
The first 3 ratios act as compression zones, where the price can bounce around like a pinball, while the .786 marks a line in the sand, with violations signaling a change in trend.
Key Level: 0.5 Fibonacci Retracement
$TQQQ Key Levels, Analysis & Targets $TQQQ Key Levels & Analysis and Targets
I’m going to buy at Target 1… double if it gets to Target 2… Double again if it gets to Target 3… Even if it just hits the first 2 It will make for a mean swing…
GL, y’all…
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
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nq1! over night will shape the week (tqqq)nasdaq futures are looking pretty troubled right now, and if we see a large enough gap down and break last weeks low this could spell out further weakness in the index which could last into march
volume has refused to drop off, and if we see another spike it will probably be selling
taking out fridays high probably opens the gate to $76, and additional volatility likely will take us on another trip back to $66
somewhere ina that range is the perfect hourly oversold condition to dip buy, and touch of aavwap/vwma without follow through is usually pretty good resistance to topfish
TQQQ: Major Correction Coming? What Whales See...A major correction is due and would be healthy, I would begin buying again in the 50s if it gets there. A slowing economy, tightening monetary conditions, inflation, and pandemic uncertainty will cause many to take their profits. The recent split has made all of my previous chart work useless lol... Psychologically, a lower price number will lure noobs into buying, which can fuel a potential sell-off. Apart from the fundamental noise, the technicals show that this index is way too hot. The MFI shows that money has been quietly leaving, while the RSI continued to rise. The VIX is also rising, and the fear index is changing. When we combine all of this, a short position seems logical. Let me know any thoughts or comments. Cheers.
$TQQQ Target 65 $TQQQ Target 65
I’m kind of excited about this split. I’m not sure why… it literally changes nothing. A few buy targets set for my long position and when they hit I’ll be looking to sell some puts to collect some extra premium…
I honestly haven’t traded TQQQ in a bit so I’m excited to have it back on my list…
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
Buy the dip in TQQQI have started a position in TQQQ again.
Looking to buy more on the dip if it can go to 137 which is a support/resistance
The TQQQ bounced hard of of the 200SMA which is also a trend that has formed since September of 2020. This is a juggernaut and will not go any lower then this. If you can get in between 133 - 142 then you will have a good average and enjoy the trip to the moon
TQQQ Long term bearish outlook!! Not a Financial Advice !!
I hate to say this, but to my limited understanding, TQQQ and QQQ might be long term bearish.
I think we are going to form the right shoulder. I have long positions and I pray for dear lord of stonks that we can see $165+ again so I can pull out :))
FIB Extension also confirms this.
What is your opinion? Please let me know in the comments!
TQQQ Will continue to up side or pulls back more?!! Not a Financial Advice !!
Today was a bit of relief as the market pulled up after Wednesday's bloodbath.
TQQQ Has major support in the $140 area, local support of around $145.
Strong resistance around $155 is between us and a sweet profit at 0.5 FIB level in the chart around $170.
setting up the day in (tqqq)i think were in for continued volatility in nasdaq futures midweek this first week of 2022
before the week is out i expect there to be several runs down towards the lows even if we open higher or especially so
its for this reason that i am focusing on the long side as contrarian dip buys come in banking on the likelyhood that the end of the santaclaus rally results in a bounce
as long as we respect the 162 area the long side of things makes sense should we break down below 161.33, set a lower high and trend lower i would be interested in shorting tqqq down to the .5 of extension which is 159.87
for right now my forecasts range between 161.36 and 165.93
$TQQQ, trading it 1/3 For 1/3, intraday trading ideas for options trading; not financial advice, 2 plans for red or green market day.
Break over 169.5 (entry, long), it can see 174-177 (exit)
Break below 165.5 (entry, short), it can see 158-161 (exit)
#options #daytrading
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out my prior posts, have a great one.
tightening range breaking bull so far (tqqq)nasdaq and tech bulls are breaking out of this mornings tightening 15 minute range
with a clear break to the upside and hourly close above rising support and sinking resistance could result in prices above 170
macd/rsi heqding toward overbought signals are above indicator
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