But the elections broke us out of channel and with 4 green days in a row could be pointing up at $207
If we are up at 10:30am Monday I'm buying more.
If we're down, I'll be waiting on a nice drop to buy more, and considering selling what I have.
I'm a big long term bull on TQQQ having done well with it for 5 years, but short term things are pretty interesting.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
MACD started pointing up and RSI doesn't show danger yet, so there's room to the upside. The 50/200 SMA cross on the 1 hour chart looks bullish short term. A 4 hour chart shows a possible Wave 3 starting, but also indicated MACD heading back down and RSI overbought.
Possible 4% down move tomorrow on QQQ
We seem to be consolidating. 3 weeks in any direction.
I'm cautiously optimistic we'll bounce up off the Red support line, but will be watching closely before going in too big.