NASDAQ 100- Potentially bullish rally.Note nearly every time the RSI breaks bullishly past the descending RSI red trendline, this corresponds to a strong rally.
TQQQ trade ideas
Trend Breaking TQQQThe nasdaq100 is breaking the short term trend today with a Relative Strength Index reading of 69 down from 75 this means that the current short term uptrend is going to end and start on a flat to downward trajectory. I am predicting that there will be downs all the way through out the end of the week to the middle of next week. Looking at a long term chart for TQQQ we can see that the RSI is starting to trend downwards. We also see the ETF reaching the top of the resistance level on 7/19 then quickly start to move towards the short term support level of 111. With the RSI reaching a high level for the long term It is an indicator that stocks in the Nasdaq 100 are overbought and that there will be soon a sell off. I think that TQQQ will reach between 105 and 103 next week.
tqqq 7/21 forcastI expect TQQQ to push higher past 113 on Friday 7/21. If the current trend continues and earnings are good there could be a really good chance to get a great buy on TQQQ. with it currently below 112. it's about a 1.1 percent difference in the current price. now is a great chance to buy the stock. As we can see the RSI is reaching a bottom on todays chart with the stock price moving lower, which indicates that it is a great buying chance. Up past 113 on Friday. You can expect the etf to reach a little lower today and get a good price at 111.7. After that expect a good ride up to 113.
TQQQ 7/20 trend analysisTBased on the trend of TQQQ you can expect on 7/20 that the ETF will go down to 111 levels. That's when the Nasdaq 100 reaches a level of support for the short term if the trend holds. I'm calling 111 for 7/20 with a possibility of going down as far as 110.5. This may be a chance to take a risky short in the current uptrend of the Nasdaq 100 but this is where it starts to get a little flat to down for the week.
TQQQ will bounce this week 7/17 - 7/21TQQQ is set to bounce up past 112 this week, then settle around there. That's a few percent gain during the week baring any potential bad news. Its set to go higher even long term as we can see from our trend lines it just passed through a support level and now its gaining and has been gaining since hitting the bottom last week. Right now I'm a buyer up until August when the current trend shows that the Nasdaq will experience a little bit of a pull back. Baring any bad financial news it would be a good idea to buy right now while the ETF is still at 109 levels.
TQQQ - UPRO... OR MY SWEET DREAM OF LOVE...Hello Traders,
It seems that there is a new bullish market that is being prepared.
Below, two ETF TQQQ and UPRO... which can be introduced in a portfolio...
As you want in fact...
TQQQ :
UPRO :
Bye
Long Russell 2000 after break of resistanceLong TQQQ after Russell continues upside move and breaks resistance at 134.95 which is now support.
BUY TQQQ, Nasdaq ultra long ETFConsider buying the TQQQ, Ultra Long Nasdaq with a Beta of 3.4
Close position @ 110, risk up to 75.
TQQQ, TXN, RTRX on short list for todayI will look for TQQQ short based on possible bear flag, small volume on bounce previous week and weaker buying then selling pace at this moment. I will also follow TXN, RTRX and other ideas for long and short: more ideas at tinyurl.com
TQQQ Bounce or Not to Bounce?Flood of US economic data after the long weekend. Greece is in serious bankruptcy 'do-do' so watch out.
TQQQ QQQ will the support hold?US data today may sway markets. We are headed lower in the PM. Watch for a possible bounce at the support.
Still holding after positions at this level. Looking for shortIs 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 opened bellow Focus Line as it pushes to setup for a buy.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.
Watching the Trend Line on TQQQLong 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.
TQQQ TECHNOLOGY HAS THE MOST LEGS LEFT IN THIS MARKETThere is very little to say out of all the markets the NASDAQ has the most room to run and the triple q,s have captured quite a bit recently however will continue to accelerate the growth to catch up to the rest of the markets . Put a tight stop at WXT 75.92 which will start a sell like the other stocks I have shown examples of like GLOG GLOP , besides that it is in the above worry range so buy with volume coming back into markets next week we will see multiple points of continued appreciation
BUY NOW! @ $60.80I'm in on the trade @ $60.80! FOLLOW ME FOR THE FULL TRADE RUNDOWN!
View Previous Focus Alert:
SMASHED THROUGH PROJECTED FOCUS AREA!Yea! As I projected at 9:42am the market has headed down past our focus area. Now we're just going out for a fishin'…. Just waiting for an optimal point to buy!… Oh yea, I'll post that Buy Point!… Just follow me :)
View previous Focus Alert:
ps. would love to hear your comment/opinion too!
