Too bad it's Friday. Who knows what Monday holds...
Mountain Top Formation, Rejection of Falling Channel, Could not pull through 0.618 Fib Retrace, Major Head and Shoulder
Rejected Falling Channel for 3rth Time. Falling Channel intact.
Can go either direction soon after consolidating in the pennant
If QQQ has a 50% decline and goes to 8500 by end of the year(see chart), then TQQQ will have 150% decline and wipe-out entire positions. I think we all knew this was coming, just hope the newbies understand that TQQQ can go to 0 when you are dealing with 3 times leveraged funds. They had a great ride but the train is coming to a stop!!! Take cover!!! Feel free to...
Many things pointing to lower QQQ. The probability of QQQ going to 12,400 is much greater than QQQ breaking resistance. This is looking to me that it will selloff in the next two trading days. What are your thoughts? Please understand that this is for my own personal trading style. Please do your own due diligence and trade safe!!
-The last couple of weeks were tough as the non-ending rise in bonds was dragging the Nasdaq lower and lower each day. -Now, finally, after a strong rally in bond yield we can see a sharp drop-down in the yield (orange). This is the chance for Nasdaq! -As long as TQQQ manages to keep the nose above the 85, it will maintain the possible bullish run. However, it...
Today will tell a lot but Europe has started to push TQQQ above resistance diamond.
It's shaping up to be a bear flag. If right, we could see 23% downside, with a price target around mid $22.
FNGU is a 3x leveraged fang etf. We've had a small consolidation (flag) but now we've started moving downward again (potential bear flag pattern). Bear flag price target of roughly $15 would mean a 45% fall from current price. Price target lines up with support levels of around $15 which we bounced off of multiple times in September 2020. We also recently...
As long as TQQQ keeps playing around between the uptrending channel's walls, we are safe!
Cup and Handle Pattern found on hourly chart of TQQQ. Height of the cup is 16 points Top of the is 92 ish Expected target = 92 + 16 = 108
Obviously I am super bullish on the Nasdaq 100, too many good companies, too many pandemic proof companies, and obviously Elon Musk is leading the charge towards a prosperous 21st century. However, the QQQ has been dumping hard after grinding upwards since the Coronavirus crash of March 2020. Buying at these levels is risky, but we should avoid catching falling...