consecutive forecast for weeks ahead (TQQQ)i think we will see a lower high, followed by a lower low, but we will stay over the .382, and then continue higher
every period of volatility that dried up quickly or was extenuating in nature was v shaped, and every period that was more exaggerated or corrective in nature was cypher shaped.
we could bull cypher with a touch of support, but if we break it things will get much more serious quite quickly. if we break the 0 of extension the picture will clear up greatly for nasdaq bulls.
sundays session should be bullish continuation, and we should open higher monday and then begin the flush to new lows middle of the week of the 6th, unless we immediately continue higher over 59
TQQQ trade ideas
$TQQQ Trade update$TQQQ Trade update
All 3 average down targets were hit from the last trade setup and I bought at every level...
New average 55.89
New sell target 66.72 for 19.38%
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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 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)
Have fun, y’all!!
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Short $TQQQ $144.07Short $TQQQ $144.07. Heavy sell off in named technology stocks pulling down $TQQQ. Downtrend will continue in my opinion. Trading below major 50 SMA support. Previous breakout level of $151 will act as resistance now. No support found till $137 area which is my target 1, followed by short target 2 of $129 area. $125-$130 are is also 50 SMA support on weekly chart.
nasdaq futures at resistance, could beat it (TQQQ)this is simple. were at the major resistance in nasdaq furures. if we stay over the .382 of fib trend extend we will probably bull flag, and this could mean we see the 0 of that pattern quite soon (around $55.94)
stop loss around 52.89 as this would mean we need a retest of major support.
TQQQ Trade idea for this weekif 48.20 holds off the open, I will be looking to go long off of a retest of the area.
There are two levels of resistance that may make this more of a swing trade if we barcode in consolidation or capitulation.
Lot's of earnings data this week and Wednesday Fed, hawkish stance.
MSFT had some negative action after market with a host of other Blue chip tech reporting soon
AMZN and many others looking bearish, looking for bottoming signs...
I will be keeping a very tight stop on this trade, as I am more Bearish than Bullish and will most likely also be playing the SQQQ
TQQQ: UPDATE - Time to load up again!!I have started buying this chart again, and will look to average a decent position over the next few days. These are the levels that I think are noteworthy. Good luck bulls, let's go!!!! I'm relying on Fib, MA, RSI and MFI...Soft stop under the 37 area... (lol the Russia news is BS)
TQQQ Long OpportunityWait for TQQQ to bounce around on support and use it's leverage to get a fantastic gain over the course of a month and a half or so. You may have to wait until after the FOMC meeting for a real change in direction but this is a great discount on leverage. Basically hold until you hit some kind of resistance, may take 3 weeks to get there after support is found.
TQQQ Weekly FibonacciNote: 0.382 | 0.50 | 0.618 & 0.786 retracement levels.
Tips: Watch out for Cups, Flat Bases, Cup-With-Handle Bases & the Double Bottoms. These are the most successful base patterns.
The first 3 ratios act as compression zones, where the price can bounce around like a pinball, while the .786 marks a line in the sand, with violations signaling a change in trend.
Key Level: 0.5 Fibonacci Retracement
$TQQQ Key Levels, Analysis & Targets $TQQQ Key Levels & Analysis and Targets
I’m going to buy at Target 1… double if it gets to Target 2… Double again if it gets to Target 3… Even if it just hits the first 2 It will make for a mean swing…
GL, y’all…
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
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 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)
Have fun, y’all!!
(\_/)
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/ >🚀
nq1! over night will shape the week (tqqq)nasdaq futures are looking pretty troubled right now, and if we see a large enough gap down and break last weeks low this could spell out further weakness in the index which could last into march
volume has refused to drop off, and if we see another spike it will probably be selling
taking out fridays high probably opens the gate to $76, and additional volatility likely will take us on another trip back to $66
somewhere ina that range is the perfect hourly oversold condition to dip buy, and touch of aavwap/vwma without follow through is usually pretty good resistance to topfish
TQQQ: Major Correction Coming? What Whales See...A major correction is due and would be healthy, I would begin buying again in the 50s if it gets there. A slowing economy, tightening monetary conditions, inflation, and pandemic uncertainty will cause many to take their profits. The recent split has made all of my previous chart work useless lol... Psychologically, a lower price number will lure noobs into buying, which can fuel a potential sell-off. Apart from the fundamental noise, the technicals show that this index is way too hot. The MFI shows that money has been quietly leaving, while the RSI continued to rise. The VIX is also rising, and the fear index is changing. When we combine all of this, a short position seems logical. Let me know any thoughts or comments. Cheers.
$TQQQ Target 65 $TQQQ Target 65
I’m kind of excited about this split. I’m not sure why… it literally changes nothing. A few buy targets set for my long position and when they hit I’ll be looking to sell some puts to collect some extra premium…
I honestly haven’t traded TQQQ in a bit so I’m excited to have it back on my list…
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
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 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.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
Buy the dip in TQQQI have started a position in TQQQ again.
Looking to buy more on the dip if it can go to 137 which is a support/resistance
The TQQQ bounced hard of of the 200SMA which is also a trend that has formed since September of 2020. This is a juggernaut and will not go any lower then this. If you can get in between 133 - 142 then you will have a good average and enjoy the trip to the moon