We put in a swing low on the 15th of 83.28 and then a swing high of 88.21 on the 24th. The Q's put in a higher low on Monday and we now have the opportunity of putting in a higher high above 88.21 and if the Q's manage to do this they will break out of the . Rallies are built on higher lows and higher highs and the Q's are set up now to start giving us that kind of price pattern. IMHO, this is the best opportunity the Q's have had in several weeks so it's going to be very important for the Q's to stay away from 85.11 from now on and work their way back up into the 88's. But we are not out of the woods yet and Q's could easily reverse before breaking out of the so caution remains the word of the day.
GL & be careful.
Added to TQQQ this morning at 58.40 so my average on these is 57.83. Likely to add last batch if Q's can break out of this price channel.
Not a recommendation and be sure to do your own due diligence.