Per vwaps...no oscillators, no RSI garbage, no trendlines. Volume weighted average price over "X" time. Is it not obvious enough? $82 is the only VWAP left. Bad news for tech bulls still to come.
So far, it hasn't spent much time below 0, but that could change very quickly here. If TQQQ falls under $30 any time soon, ProShares will be forced to consider another split in record time.
I will be Selling Monthly and Quarterly Calls against the SQQQ at the $47.5 Strike as well as using this chart to establish a Bullish Bias on other trades.
Here we have ARKKs bear market pattern overlaid with US100. Just pointing out a possible pattern. Fully expect markets to rally with the end of May and into June which would be similar to how ARKKs bear market has played out so far.
Maybe things get spicy like they have for ARKK? Time will tell as the "crash" would be next year, so plenty of time to see how this...
*As a Korean, I do not speak English. I used a translator. I get a lot of ideas from English-speaking countries while doing stocks.
Please send us your detailed comments.
*I need the opinions of great Americans
*History repeats itself.
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Evidence is the chart pattern and * The US economy is similar.
If my prediction is correct.
After a bit of a rebound, the...
Considering taking profit on SQQQ Calls Weekly & Monthly.
NASDAQ likely to consolidate over the next few days if the remainder of earnings beat expectations. if earnings fail, these positions will explode to new recent highs
This is TQQQ-SQQQ chart.
I warned of the ProShares split, and it got little mention in the news since the announcement. This is one of the most popular ETF companies in the NYSE, with $550bn in ETFs. This is a big deal. They decided to split ALL ETFs, on short notice (3 weeks) , right before the biggest pullback since covid? Impeccable timing or what? The norm...
Interest rates scale is on the left, plotted in orange.
The last time we started hiking rates from zero, we saw a decent sell-off with the first hike. Then things became bullish with subsequent hikes, until it neared 2% where markets got volatile; and then at 2.5% where we see another sell-off. If history, that could put QQQ near -40% from ATHs. I'll be watching...
This is halarious I even have to publish this, I just did an idea off of the QQQ on the buy line and just realized; "Wait, if this is the case, then isn't the short at a sell line?" I check and yes, that's correct, I don't feel like writing down (or typing I guess) my explanation again, so here's the short of it: Yellow line go through red, sell, don't buy.so,...
NDX is looking like a classic bubble for the time being. All the events line up really nicely for the bull run. Now let's see how diamond handed everyone truly is. Opened SQQQ position with no limit.
There's a lot going on in the world. A war against Ukraine, rising gas prices, and so much uncertainty. That's bad for us, but great for this stock. Allow me to introduce you to ProShares Ultrapro Short QQQ. Ticker symbol: SQQQ. This is a short of the Nasdaq. What's a short you may ask? A short is when you profit off the market doing bad (in this case, the...
With all the commotions going on in the markets and global equities, naturally we have lots of fear in the market.
One thing that I believe is in order for market makers to move prices and enter positions, they require a massive amount of liquidity in order to execute buy orders, and vice versa when selling.
Let's take a look at SQQQ, an ETF that tracks the...
I think we gonna have one or two more bearish legs due to Russia will halt Nordstream I and will push oil prices over 160 USD.
So USD will drop to 3,800-3,700 level.
Best way to play long SQQQ for a potential 30% upside next 30 days.
Regards,
Remember, also its very important to understand the Sanctions boomerang effect that will hurt many companies across the...
geopolitical issues and global instability of our economies not to mention the brink of ww3 on the horizion a soaring cost of living and energy prices exceeding every expectation ever noted
you would have to be insane to think you can buy long term in this crumbling economy and society we live in
"Those who forget or ignore history are doomed to repeat it...
hrmmmmm why is it like that? Their ego is too big for the world. All hope is lost on a party based on lies, while shameless in their defense.
(It's going for a lower low test genius)
This is strictly reading the chart, and it looks like a possible bear scenario/recession could be on the horizon. Using the same bear market pattern from 2000 but scaled correctly for current price action it looks like we could finally see a retest of previous highs from 2020 and consolidate/digest the past few years of over spending by the fed. If its a typical...
You can check it by yourself by looking at my previous ideas.
Each time I buy or sell I publish a related idea on my channel.
I usually trade with x3 leverage, unless other leverage is indicated in the corresponding idea.
During the same time the NDX went down 7.65%.
I outperformed the NDX of more than 60%...
My name is Nicolas Pradel.
I have started learning...
