Per my method, a buy signal would come for the Q's in the daily time frame with a cross of the 9EMA up through the 20MA. As long as Q's don't fall off a cliff next week, then that cross should come by the end of next week's trading. However, and per my method, I did get a 'buy' signal on the Q's in the 60min time frame on Wednesday. This is because in that time frame, the 13EMA crossed up through the 34EMA. As a result I started a position in TQQQ at 57.40 on Thursday. This is a small position now and I intend to add shares as prices rise, assuming that prices are going to rise. And if prices don't rise, then I will exit the position.
One last thing: notice on the chart that the rose above -100 on Tuesday, the 15th. I use the -100 level as a sign of weakness as stocks are moving down and as a sign of strength as stocks are moving up. I have found that when the does in fact rise back above -100 that it often signals a bottom and a potential initial entry point. This is not how the was intended to be used but do your own due diligence on this type of signal and see if it is of any value to you.
GL in the week ahead.