TQQQ trade ideas
volume confirming the flagflag on the play. volume confirming. powell did a decent job very interesting mentionings on policy ahead
TQQQ Direction?Shorted TQQQ down from 60s into the 40s, has followed chart closely and is testing support at 47.5. Oversold on 1hr, 4hr, and Daily timeframes indicate a strong possibility for a bounce. I don't recommend trading within the 42-47 price range as action in that range will likely be determined by algorithms and new headlines. If 42 support is broken potential short opportunity to 33
PpSigna CFB and ATR BandBUY SIGNAL
1) When two cfb show buy signal.
2) When the price breaks out upper accelerator band .
3) The break out should be have buy volume.
the system have buy and sell alarm.
Decision TimeWent long TQQQ in 46's a few days ago (same time as TWOU long position, I didn't publish the TQQQ long... and apparently the TWOU long position, sorry). Now TQQQ has hit a decision point. Previous resistance at $49.50 range. Double top, can either:
1) Break through resistance and go higher
2) Small sell off back to $46's.
I don't see any catalysts RIGHT NOW for the market to head lower (except for a rapid drop in oil price). However, if Apple warns again, look out below.
I'm keeping a close eye on this for now (for direction). But for now the trend is your friend (higher), which is also the path of least resistance. I may take some off the table here, let's see.
TQQQ possible bear scenarioIf market does decide to follow valuations and not go to moon then I think this could be a possible scenario. Not financial advice.
TQQQ longThe trend is your friend here.
It does look like January will be a good month after all. MACD finally > 0, so new uptrend established. I figure the NASDAQ probably has a good 5% more before the end of January. Let's ride this trend for some upswing.
TQQQ in at 44.70. Target = $49 (if NASDAQ 100 goes up 3%).
Long position then Short PositionI don't think this rally based on the jobs report, Powell recognizing that market fluctuations will play an important role in the economy and thus the fed's decisions, and China agreeing to resume negotiations with Trump on trade has enough fuel to push the market through this cloud. The fear is so strong at this point. Investors are selling every rally. First line of resistance is the bottom trend line since the price broke through the channel to the downside. The second line of resistance is the top trendline. If the price breaks up through the first line of resistance, and perhaps some other fundamental factors come into play for the bulls, There might be a chance the price goes to $42-47. So IF and only IF the price sustains above the first resistance level, go long here at $38. I doubt the bulls will sustain the price above the top trendline, so I recommend a short position at around $42. The bottom of the next dip will be a doozy. Could see 50% profits on that short position.
TQQQ Dare To Buy?My quant model predicts
Profitability: it has a high probability(69%) to rebound at this level.
Worst Case: it could drop to $30.84
Money Management: Bet no more than 11% of capital
Suggested Strategy: long stock for 5 Days, I know it is scary to Long here!
Downtrend Reversal Might Be After 1 Hr -1st 1 hr might be uptrend after oversold rebound.
-If touch 50% Fibo it might be a reversal.
Disclaimer : It's just an idea ONLY, all trading risk is depend on your responsibility into it.
TQQQ downI see us going down to around 43. With Twitter, Facebook are way over bought, I see us hitting the 43-44 zone Monday then making a jump up to 46 afterwards.
TQQQ Performance Inverse to VolumeTQQQ has a history of its performance trending in the opposite direction from volume. This is a daily chart. Thoughts on using it as an indicator?
TQQQ resistanceWatching this fib and downslope resistance... Let's see if it can hold. Posting for future analysis.
