98 DTE contracts suggest we may have a bounce from $9.00, or come close, save lunch for dinner then head to the $10.00 area by mid Feb , so long as the +volume is maintained around these levels ,we can expect to pay these levels a visit , to sweeten the deal there are gaps that need to be recovered
The $9:00 Area has plenty buyers ready to send this gal to work...
Market pressures. TA looking bullish for PSQ.
Mac D coming bullish, getting close to the end of this wedge, and so much pressure everywhere.
Been bearish for quiet a while.
I hold PSQ Jan 19th 2024 Calls.
This is not financial advice, I have lost lots of money trading, do not follow my foot steps, I hope I finally get one right. lol
Nice cup and handle forming on the daily chart?
Not financial advice. I do hold January 14th 2024 calls. .05 kinda hard to pass with potential big gains if the market continues to slide.
These are for sure lotto tickets.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people...
PSQ has been in an uptrend since February 17th. With especially high volume on February 23rd, 25th & 26th and March 3rd & 4th. My thesis on the recent market weakness, is that dip buyers of the 2020 covid market crash, have become sellers 365 days later taking profit in 2021. The 2020 stock market crash began on February 20th 2020 and ended April 7th 2020. So most...
PSQ is an inverse Nasdaq ETF which is showing at least 3 signs of bullish confluence... if the SPX short was missed, PSQ might bring an opportunity to make some money if the stock market corrects
PSQ is trading inside a 1M (monthly) Channel Down (RSI = 36.191, MACD = -3.690, Highs/Lows = 0.0000) which last December made its Lower High. A Death Cross (MA50 under MA200) formation occurred in March on 1D and after a 27.60 bottom, the price has been rebounding towards the MA200.
Last time the same pattern occurred was in 2016. The rebound resulted in testing...
OBV and money flow starting to tick up although other indicators (MA & Oscillator) say its a strong sell.
Who will prevail...?
If Rally or China deal stalls this is good short term protection.
AMEX:PSQ
Strategy for the upcoming 6-12 months
1. Long PSQ: Tech Industry will lead this crash. Buy the inverse QQQ ETF
2. Long Cryptocurrencies: Will become a safe haven.
Alternatives:
Gold
Silver
A possible option is to long precious metals however, these will underperform #1 & #2
Be Safe & Best of Luck to All.
This is part 3 of three views. The PSQ are the short shares you buy if you think the QQQ is going to decline.
IF YOU READ PARTS ONE AND TWO YOU WILL BE FAMILIAR WITH THE FOLLOWING ANALYSIS.
I BELIEVE THE STOCK MARKET IS SETTING UP FOR A SEVERE DECLINE.
I wanted to look at the S&P 500 , DOW-30, and QQQ to study Fibonacci time cycles and also to see if there were...
