The SPX could be loosing steam. Just looking at the chart of the S&P 500 we can see that it seems as though it is overbought. The S&P's RSI reading is at 65 roughly on a daily scale and a reading of 73 on a weekly scale. To top it off there has not been a decline of any significance in a while. It seems as though right now is a good time to be assessing valuations...
Thursdays drop was extreme, to many it suggested a pull back in the market was coming. On a longer term scale the chart shows that it may have a little more downwards to go downwards as far as back to 103, but I think that 105 is the bottom of this most recent drop in the market by looking at a shorter term chart. TQQQ will be pushing back up to past 110 to the...
With the recent pull back of the markets through 8/10. I see that the ETF tqqq will surge again back to at least 110. After that the long term chart shows that the ETF could reach a resistance point where if it were to continue the trend for the year it could reach all the way up to 120, but that will be tough to reach. I say 110 - 113 by the end of the month....
The nasdaq100 is breaking the short term trend today with a Relative Strength Index reading of 69 down from 75 this means that the current short term uptrend is going to end and start on a flat to downward trajectory. I am predicting that there will be downs all the way through out the end of the week to the middle of next week. Looking at a long term chart for...
I expect TQQQ to push higher past 113 on Friday 7/21. If the current trend continues and earnings are good there could be a really good chance to get a great buy on TQQQ. with it currently below 112. it's about a 1.1 percent difference in the current price. now is a great chance to buy the stock. As we can see the RSI is reaching a bottom on todays chart with the...
TBased on the trend of TQQQ you can expect on 7/20 that the ETF will go down to 111 levels. That's when the Nasdaq 100 reaches a level of support for the short term if the trend holds. I'm calling 111 for 7/20 with a possibility of going down as far as 110.5. This may be a chance to take a risky short in the current uptrend of the Nasdaq 100 but this is where it...
TQQQ is set to bounce up past 112 this week, then settle around there. That's a few percent gain during the week baring any potential bad news. Its set to go higher even long term as we can see from our trend lines it just passed through a support level and now its gaining and has been gaining since hitting the bottom last week. Right now I'm a buyer up until...
