This is @r1ch4l analysis. Give him a follow for great ideas weekly!
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...
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...
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...
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...
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.
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...
Hello everybody, I'm giving a mid-week update to the market forecast from the other day. I typically do not change my market forecast mid-week, and if the price target isn't reached in the time limit that my line suggests then I typically extend it into the following week. My downside price target is around $344 to $343 on the Invesco Nasdaq 100 ETF. I put out...
From here everything is possible. I sold friday evening the SQQQ I bought wednesday (+8.82% in two days...). And you, where do you think the market is heading?
generally this etf is going one direction: down, but the weight may be lifted off its shoulders briefly as calls expiring next week are eliminated. if we cant break to new intraday highs i would imagine sqqq has one last trip above 40 only to get sucked back to vwma.
This is the strongest bearish pattern ever. Happen one to twice a year. Cause of it, the index felt hard on early post-market. I advice to short the NDX with x3 leverage at the closing / in the post-market. But it's probably too late for you now, a lots of traders did it and the index felt hard... Btw it's good to know for the next time you will see this...
Opened SQQQ position today in expectation of NASDAQ heading lower. If NASDAQ gets below the purple zone, I am expecting a crash where it heads down to the bottom yellow zone. My current play on SQQQ is marked on the charts.
if 48.20 holds off the open, I will be looking to go long off of a retest of the area. There are two levels of resistance that may make this more of a swing trade if we barcode in consolidation or capitulation. Lot's of earnings data this week and Wednesday Fed, hawkish stance. MSFT had some negative action after market with a host of other Blue chip tech...