Long term log chart Nasdaq 100 index support around 6500 points, as arrowed.
Nasdaq100 (NDX) Vs ROM (Double leveraged US tech ETF) Vs TQQQ (Triple Leveraged US Tech ETF). To all the naysayers.. that leveraged ETFs don't track their underlying index by the amount they're leveraged to. Look at the following long term chart. In a bull market, they more than adequately do!! NDX- x3 return since march 2010 ROM- x8 returns since march...
ProShares Ultra Technology (ROM) Double Healthy UpTrend. Red line since 2008 to 2015. Sideways consolidation around 2015. Pink UpTrend line from 2016-present. ProShares Ultra Technology seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. TechnologySM Index. This leveraged...