TQQQ - Soon to Cross a Line - Expecting Downward
TQQQ was an amazing run to 9/3 the past 8 years, but...all good things come to an end.
I'm expecting a 3rd test and break below the support line and a drop towards a 33% correction from the 9/3 high (175.92, and crazy drop that day), putting us somewhere around $118 before we start the rebound.
33% / 8 year average correction in market overdue (Upward from 2008-2020, unless COVID/March counts).
I believe we're on a Leg C EWAVE correction. Waiting patiently for signs we've reached a bottom to jump back in.
MACD crossover on 10/12 and RSI Spike indicate we hit the high and are headed down.
*NOT FINACIAL ADVICE - NOT A FINANCIAL ADVISOR*
I'm expecting a 3rd test and break below the support line and a drop towards a 33% correction from the 9/3 high (175.92, and crazy drop that day), putting us somewhere around $118 before we start the rebound.
33% / 8 year average correction in market overdue (Upward from 2008-2020, unless COVID/March counts).
I believe we're on a Leg C EWAVE correction. Waiting patiently for signs we've reached a bottom to jump back in.
MACD crossover on 10/12 and RSI Spike indicate we hit the high and are headed down.
*NOT FINACIAL ADVICE - NOT A FINANCIAL ADVISOR*
Nota
Every time we move big like today, I have to update channel lines. It's a wild ride right now. I expect to find a bottom around the 200 day SMA Nota
Still on target, but...the 119 support is stubborn. Nota
Ever closer to target. 
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.