Nice cup and handle, once it finishes the handle around 395, should see a recovery forming in February. Short term is a short, long term is a long for mid Feb.
We are at the end of an Elliott wave. This will be a turning point keep on the lookout for wave 1 of the next cycle. Things are telling me, recession is canceled until next year so wave 1 might be upward.
Lets go baby, we are at the bottom, making new lows! Only way to go from here is 62.90 by July!
-SPECIAL NOTES-
1. I trade this stock with a very small percentage of my money, I am not dumb.
2. There is a ton of controversy on this stock, in my opinion it should only be day traded, not long term due to volatility decay.
3. Since there is so much...
S&P 500 to 3965. I am a beginner trying to learn this stuff. So this is for my personal tracking to see if my charting is good. Also trying to earn reputation. Thanks.
TQQQ still hasn't recovered. News coming out tomorrow is the FOMC, causing the flat run. Hopefully Feds do not cause this market to drop further, I believe they will not want to do that. Nevertheless market is calm before the storm.
Wanted to document this drop for my personal record keeping. This is a pre market drop, will post another with aftermarket trend for analysis. 09/13/22 CPI data effects.
TQQQ still looking good with a full recovery for July 2024 at $86. I personally have been testing the DCA theory on this for a little while now with $100 a month. So far it is the best performing stock I own. Performing backtest this seems too good to be true, only time will tell and I got that. (don't mind the date and price, I put that there to remind me...
