Target 92 by 1st week of SeptemberLong term trend still intact. It stretched down to the bottom and should hit the all time high like a magnet by the at the end of August.
TQQQ trade ideas
(TQQQ) breakout or bustThe chances of a daily bull pennant increases with every daily higher low we make. Holding 4500 spx es1! Emini s&p futures withstanding and moving toward the week high would the odds of getting to $64 TQQQ skyrocket. Staying over vwma and bottom anchored vwap having no qqe short entry would be very bullish. Channel break strategies say buy over rising support, sell if we break Thursdays low.
ProShares split all ETFs w/ 3wks notice 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 for announcement-to-split is 2-3 months out, but they split within 3 weeks!?
For example, AMZN recently announced a 5/27 split; and GOOG who announced 7/15 split in December.
The 22nd phenomenon is just when new contracts start for the next month; but looking at it from an ETF Giant's point of view you may glean something from the moves here.
Did they know there was a problem? When? Did this help cause it? Any theories welcome. I'm not 100% sure what to make of it, but ProShares seemed to know exactly when to reset the books; and didn't give retail much notice.
TQQQ Split History Table
Date Ratio
02/25/2011 2 for 1
05/11/2012 2 for 1
01/24/2014 2 for 1
01/12/2017 2 for 1
05/24/2018 3 for 1
01/21/2021 2 for 1
01/13/2022 2 for 1
TQQQI just took this a few minutes ago.. logged on for all of 15 minutes and said, lets do this.... Looking for a rejection here...
3/20/22 TQQQProShares UltraPro QQQ ( NASDAQ:TQQQ )
Sector: Miscellaneous (investment Trusts/Mutual Funds)
Market Capitalization: $--B
Current Price: $53.17
Breakout price: $52.40
Buy Zone (Top/Bottom Range): $50.15-$40.85
Price Target: $67.30-$68.80
Estimated Duration to Target: 40-44d
Contract of Interest: $TQQQ 4/29/22 55c
Trade price as of publish date: $4.20/contract
Bulls saying "muh pump" check OBV n FibIts gonna hit this fib and the obv trendline and then probably dump. Of course if it breaks trend I'll be the first to hop on too, but no reason to without confirmation (besides pure speculation you degenerate gamblers).
Proshares Ultra ETF Elliott AnalysisI have published emini nasdaq wave analysis but as you can see the 5 waves are more clear here with the last 5th wave unfolding perfectly as ending diagonal.
Enjoy !
TQQQ retesting support Sept 2020 resistance, turned support being retested coincidentally on the 38% fib retrace. Looking for buy setups if they present themselves. Average investors have erased all gains since Sept 2020, if not actively managing accounts.
$TQQQ Chart ahead of #FOMC March Meeting (March Prediction)I think fed will surprise the markets with a 0.50 rate hike at the March 15-16 meeting. I think the rate hike + a spike in bond yields will decimate the market. In panic many retail traders will get washed out and sit on the sidelines. In response, funds & whales will prop up the market on low volume to then decimate the market with shorts. They will rinse and repeat all the way down IMO
two paths for nasdaq futures (TQQQ)in reality the tech boom is to blame for this correction. if we werent in such business with the market weight we are currently there wouldnt be a need for the drawdown in buying that we are. this could obviously co tinue, but my bias is still long after the current contraction and retracement. divergence from vwma, rsi and qqe signals strategies are long, and i have to say that the weekend looks promising as long as we stay away from negative headlines. the conflict is mostly priced in and xlv, xle, xli, utsl having a good day in relation to the rest of the market moving down shows healthy rotation, and does not spell a crash. defensive sector stock will accumulate and prices in tech will move up.
TQQQ heading to ATHHigh Bearish sentiment.
Cash on sidelines.
Short Squeeze.
Coming out of seasonal downturn.
QQQ priced fairly according to Morningstar.
Seems to be following the projection.
QQQ/TQQQ going for all time high. Opinion and whyHigh bearish sentiment, plenty of cash and a short squeeze
New Idea for this week... Instead of doing paperwork.. I find myself looking at stock charts. (have to stop doing that!). I may take this one........ this is going to show up on my radar more. I am so sorry I didnt even think of this one this week.
Lets see if we can hit that green box. I am looking for a bullish start to kick off the week. I think we might be able to make it there. Stop losses are a must in case it's wrong, especially in the case of a leveraged ticker. This will degrade quickly, you do not want to be stuck holding onto any ticker in a long position during a bear market but especially a leveraged one.
Bearish momentum should stay (TQQQ)Rsi needs to bullishly diverge further, so the drop in price should be larger. There's really little room to judge this as a lower low that could hold. Around 40 is an area that might induce bullish activity. I wouldn't look for a long entry right now, but there will be one eventually. This is damage that will last up to the monthly.
Vwma has turned down, and qqe is still short.
this is big (TQQQ)i see a full recovery if broader market bulls can continue this turn around. should we find ourselves in a position where melt up is taking place, i think we have no choice but to go with that. the daily picture is shaping up in bulls favor, but the smart thing to do is wait for confirmation of the trend change.
approaching last line of support 🚨tqqq rejected off the trend resistance plenty of times just like spy and qqq, now its approaching last line of support at 48 level, if it breaks below look for a test of 35.41 in the near future.
Like and follow for more! 💘
Watching $TQQQ for entryWatching $TQQQ for entry
Ok… watching TQQQ for a swing…
Target 1 48.17
Target 2 (add) 43.90)
Target 3 (double) 40.46
This should produce a nice swing, especially if all 3 hit.
I will update with sell targets once I take a position.
GL
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
And most importantly… Have fun, y’all!!
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( •_•)
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TQQQ - Bear Flag PatternIt seems like TQQQ is forming a bearish flag pattern and can expect a downtrend if completes.
Market is already fragile and may have accelerated sell off with aggressive FED move to curb inflation and/or Ukraine-Russia border crisis turning into an invasion.
Not a financial advice. Please do your own DD.
ETF Strategy - Monthly return result (JAN 2022)Monthly return (JAN 2022): -25.65%
SMTMI Strategy YOY : 37.69%
January 2022 shows a significant drop but with our long term strategy, this gives good entry opportunity with DCA program
TQQQ rinse and repeatrinse and repeat. buy at 55s and sell at 59.50
either options or buy and sell :)
Long - looks ready for a leg upLong here based on my VIX and Indexes TA.
I am not an advisor or professional - so trade your own strategy and do your due diligence.
Money in the market is made with an overall strategy and NOT in one trade.
If you don't like this idea - be respectful and share your own ideas to enlighten.
From the basement.... Peace.
Technical analysis ProShares UltraPro QQQ (TQQQ)ProShares UltraPro QQQ (TQQQ)
Limit buy: 1№- by market, 2№- 57,65$, №3 - 57,0$
Target: 75,50$
Risk/Reward Ratio: 6,49
Stop-loss: 54,90
