US data today may sway markets. We are headed lower in the PM. Watch for a possible bounce at the support.
Is all on the chart :) Got in at $76.92 now up at a substantial gain at over $10. The only thing that makes sense to do is wait for a short if/when this support level is broken, but in this market? I'm setting up for a downward biased, neutral trade. Check out related idea for reference, and thanks for viewing!
TQQQ broke through the two previously established levels of support and past our focus line, we're hoping for some more weakness before the getting in for the bounce.
Long term we're overdue for a correction, trading with caution is probably a good idea. Next trade I'm waiting for the price to come closer to or past the trend line in red around $76 at the moment.