PETEYboy

TQQQ Next stop 95! Charts don't lie!!

Short
NASDAQ:TQQQ   PROSHARES TRUST ULTRAPRO QQQ USD
Some great 5% shorts the last 2 days. Rinse and repeat. Tomorrow we are looking for it to touch at least 100 maybe 95. The big guys that move the market are slowly bringing this back down to reality. You can see the green down candles, the last two days. Definitely a pullback, but could be more.

I marked two key areas on the chart that will likely be hit tomorrow (price point and RSI ).

Charts don't lie, so do not be fooled by the big boys manipulating your thoughts through the media and forums. Be careful what you read. There is most likely a motive. This year is a perfect example. Try learning before paying for a service. To win you have to learn and be disciplined.

Please do your own due diligence as this short is for my current situation. Question or comments are welcome.

Trade to Win!! Protect your profits!! Hard work = Good Luck
“Those who think they can and those who think they can’t are both right.” – Confucius

Comments

As you can see if you are trading the daily chart then all the noise in the day was just that....noise. As you can see we reached our $95 target price. If you look at the chart I put out yesterday, you will see the next target is a new high of $121. Do your own research and be careful day trading these types of charts. If you are a day trader you should be analyzing a shorter-term time frame. 2 min to 1-hour charts are better for day trading depending on your strategy. Don't get me wrong it's nice to see the big picture but do not get hung up on it as you could get clobbered like today's action. Also word to the wise for day traders, especially newbies be careful on Fed days. Wild swings very risky.
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Beauty, mate
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2 + % drop in Nasdaq.
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Thank you for your analysis. I was inquiring if you can please provide an update after today's 2+ % drop!
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PETEYboy Juma2011
+1 Reply
Juma2011 Juma2011
Many thanks for sharing your thoughts!
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Nice analysis
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