There is something to be said about speculation.
Here we have the QQQ 3X fund, testing a key area. Not only are we testing a key area, but "large-risk" (largER anyway) is currently sitting -68% from the all time high.... Even more weird, when the whole world economy was shut down in 2020, TQQQ contracted -73.28%; oddly enough, at least in this view... we bounced...
$TQQQ Update
So All 4 targets from my last post have hit and I have added at all of them. (I’ll repost the last one below) My average is now 36.94 and I’m looking for 49.27 for 33.38% profit.
IF the CPI comes in hot tomorrow and the market continues to sell off, then my next target to double my position will be at 20.12.
Be careful out there, guys… the...
$QQQ Key Levels, Analysis, & Targets
I actually posted this chart already on friday… but on the daily timeframe… and this is the weekly and it really shows where this needs to head before we can have another meaningful bull rally…
I think that in the next few weeks we will be trading in the red part of the box
334, 317, 303 are the three swing targets…
Sell...
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...
$SPY Analysis, Key Levels, & Targets…
I am definitely still bullish, y’all… The last three days I’ve played daily calls and won and that is not indicator of anything because you can play both sides most of the time… but I am bullish…
We’re at the bottom of the channel… Yes, lots of funds blew up last week, but then there’s a lot of people that have been...
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.
When the whole market is looking to make their way to the down side....the hopium chart projections is where the fun is at!
Will take a little bit of patience for a nice entry to ride up. The closer we get down to the $15-$20 range will be able to see things a bit more clearly on when we could be seeing pivot back up. I feel like making it down to it's C19 low...
Although you can effectively model the P&L of 30 days 'til expiry at-the-money short puts, it's difficult to model "the other stuff" a trader would typically do with a short put that is in the money toward expiry (i.e., take assignment, roll out "as is," roll out for strike improvement, etc.). (At least, I don't have access to that kind of model or can't easily...
