This beast of a 3X party has actually exceeded it's promises.
The NQ has returned far less than 66%.
A clear Divergence, where TQQQ's have bested the promised
land on Return.
This Instrument is trading within a large Range.
One that can continue to higher Targets prior to taking an
outsized Dump on the heads of chasers.
Every time we have sold a level, we end up having to sell it
higher to improve our overall positions.
Every time, without fail - only y release it again and patiently
wait for the next Micro to complete.
And although the correction to TQQQ will overperform to the
downside as well... we simply are not convinced it's done
tearing up sellers into what should be "Warning Season for
TECH."
132 - 170 appears to be the Implied Range for now.
It is difficult to choke off an $80K loss entering too soon.
It's wait and see here, break up and out of consolidation or
a larger retracement.
SOH until we see this break - 153.90 or Fail.
The NQ has returned far less than 66%.
A clear Divergence, where TQQQ's have bested the promised
land on Return.
This Instrument is trading within a large Range.
One that can continue to higher Targets prior to taking an
outsized Dump on the heads of chasers.
Every time we have sold a level, we end up having to sell it
higher to improve our overall positions.
Every time, without fail - only y release it again and patiently
wait for the next Micro to complete.
And although the correction to TQQQ will overperform to the
downside as well... we simply are not convinced it's done
tearing up sellers into what should be "Warning Season for
TECH."
132 - 170 appears to be the Implied Range for now.
It is difficult to choke off an $80K loss entering too soon.
It's wait and see here, break up and out of consolidation or
a larger retracement.
SOH until we see this break - 153.90 or Fail.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.