SQQQ TRAMA and VWMA have turned up, and are following the price higher. stiff resistance in the nasdaq along the downtrend line has proved a supply area in the index is sapping momentum out of the bounce. the last time this happened we had a return to the bear market, and SQQQ saw gains of around 8%. id like to see SQQQ RSI get overbought before i count it out,...
Market seems to be experiencing minor corrective wave, SQQQ should be doing same. Final Price target in 30's before next impulse wave.
Looking at weekly QQQ: In the last recession, after confirming it via Sep 2 EMA crossing, we saw within 2 months of that crossing a very nice bull rally week. But it's a trap! We can see it was a trap by waiting for the week to play out & notice that BBPower was very weak, as shown via yellow circles. The bulls now are fatigued from the bears & want to get over...
The Nasdaq100 NASDAQ:NDX couldn’t hold above the support levels mentioned in our last report at 11376 points and opened the week with a gap below the significant 50%Fib. Level to open at 11472 points signaling that the bears are controlling the market backed by the bad news of the economy, then bears confirmed their control after the FED rate hike of 0.75 %...
SQQQ is the ETF that tracks the Nasdaq 100 ETF (QQQ) inversely. When tech stocks fall, SQQQ rises. Traders therefore use SQQQ to short tech stocks. This is the first time, in its 12-year history, that SQQQ shows a fully red heatmap of the daily timeframe. A fully red heatmap represents extremely overbought conditions. This is worse than the bottom in March...
If you haven`t noticed Jamie Dimon`s prediction: Then you should know that The Federal Reserve is expected to raise interest rates by a half of a percentage point for the second consecutive time on June 15. More rate hikes are likely in the coming months because consumer prices rose 8.6% YoY through May. Inflation is at 40 year high! Jamie Dimon, the JPMorgan...
This chart highly suggests that capitulation and peak fear is finally here. This is the chart of SQQQ, which is the inverse derivative of QQQ, which in turn tracks the Nasdaq 100. There's virtually no way that SQQQ's price can sustain a gap up like this on a weekly time frame. The gap is extremely likely to close and the price will move back below the Ichimoku...
I bought into SQQQ weeks ago, when QQQ started tanking. Now there are enough indicators to show greed is too high, so time to sell on this Black Monday, at or near market open. Notice: EMA, Vol EMA, & BBP quickly trending up signaling too greedy. So take profit & look for next trade. We will see Tue if this is truly the last bottom.
15.15 is as low as TQQQ should drop for this bear cycle. The support has held steady since the last high in 2018.
I know a lot of traders who are in the SQQQ banking on the idea that its on its way to retrace it's gigantic historical prices. I trade by patterns. Sometimes they work, sometimes they fail, for me they succeed more times than fail. What I see in the SQQQ is a rising wedge pattern. Rewind the clock 20 years ago and I would be chasing this breakout with the rest of...
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. ] Evidence is the chart pattern and * The US economy is similar. If my prediction is correct. After a bit of a rebound, the...
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.
I was convinced there was a crash coming last year and was charting a lot of interesting things. I was totally wrong. Or, more kindly, we could say my timing was off (as per usual). But, revisiting my old chart, it looks like the same pattern has repeated and, once again, we're on the edge of a cliff. Last time it was all good and I was totally wrong. But I...
in 2021, I noticed some patterns on both the BTC chart and the QQQ chart. Now these patterns are happening again on both charts. Last time, they didn't confirm. The market bounced back up. It bounced in mid-Oct 2021 - when the fourth stimulus check hit people's banks while a ton of extra unemployment benefits were given to people. I'd say it was a coincidence,...
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.
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