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Would NOT be surprised with a GAP UP tomorrow on the DJIA... According to my analysis so far I would expect some capitulation thereafter (2-5% &/or 7-15%)
In the U.S.:
[] Inflation came down
[] Consumer sentiment improved
[] Price of goods (some, not all) saw a DECLINE
I'm sure Wall St. is cheering these developments.
If it GAPS UP &/or breaks UP through 40k, with any acceleration (& volume), I'll STRONGLY CONSIDER aggressing with a SIGNIFICANT short position; but I'm suspecting a 40k test means $9.75 falls followed by $9.50 & then we'll have to have another look here...
KEEPING A CLOSE WATCH!
GLA...
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I ALMOST considered that option - just holding - because it WILL go up past my buy point. But - I went to cash because I may use it in another stock or two tomorrow.
Ya I'm holding , no matter to me , it will pay large one day SQQQ
Exited my position earlier. Small loss. I appreciate your analysis of things. Much appreciated.
Minus an overnight suit case bomb exploding above New York tonight ... I'm leaning towards the possibility the PPT/Hedge Funds/UFO Brokers/etc. are going to try to lock in the most 401K voters they can for election time.
So we'll see how things unfold ... I'm sitting for a spell with the 3XQQQ's.
Keep us updated with your thoughts if you would be so kind!
household debt up 25% in 3 years , get yo tickets SQQQ
People aren't paying their bills that's all SQQQ
9.90??? Hit a 10.17 at the open, You have got to be kidding me here,..
https://stockcharts.com/sc3/ui/?s=SQQQ
Cheers
Are you talking about people (U.S. retail/consumers) credit scores?
If so, is that your thesis/basis for investing here?
Not judging, criticizing or suggesting anything - just asking, as in: Curious as to what you mean -- or that should mean.
Kindly explain &/or elaborate. I'm not sure what you are saying by "Credit scores are crashing SQQQ"
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Credit scores are crashing SQQQ
Of course! You DO YOU! I'm just pointing out that the CHARTS DO NOT show DJIA as ready to reverse!
It could, of course, which (from my pov/DD) would mean that SQQQ would reverse to the upside (in kind).
HOWEVER, the DJIA chart shows STRENGTH as it moves into a TEST of the ALL TIME HIGH!! And as I pointed out most recently is NOT overbought... Keeping an eye (as I said) on the RSI currently for more information, instruction & direction.
All of which suggests a HIGHER PROBABILITY that the 39,900 TEST OCCURS (as I have said) & has a greater chance of being SUCCESSFUL -- & with MORE UPSIDE from there.
I think I said +2-5% & 7-15% ranges ABOVE would not surprise.
I looked just now at May 31 2,000 calls at $11.00 strike (I think) & the commission was lower @ ~$0.08 = $17,300.-
[Those calls are CURRENTLY at $0.11 -- so obviously I'm predicting -- factoring in some downside]
HOWEVER, this broker is asking I phone in any order about 500 contracts! So the $1,300.00 commish may be on ONLY 500 contracts (that may be purchased online without having to call). We'll see. Wanted to ask why the comission is so high ANYWAY so... Can't wait for them to tell me they are "hard to borrow",... Waiting to hear this line of bullshit!
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Already printing NEW LOW of $9.94 here... & since I'm ANTICIPATING a test of 39,900 (which has NOT happened YET) my investment thesis suggests we see lower STILL here... If I'm right about the DJIA 39,900 test, of course, it would be LIKELY that this moves lower. There is NOT 100% correlation in comparative price action, by they ARE highly correlated imv...
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CRAZY no way this is consumer SQQQ
slowly buying SQQQ
I'm looking at the RSI (currently at 68)...Waiting until we see this BREACH 70RSI (& gauge reaction)....Therefore, I think it UNWISE to "pile in" atm...
Because the DJIA could be about to BREAKOUT through that 39,900 ATH level... & RUN some & capitulate higher...
I think I wrote somewhere that I would NOT be surprised to see a +2-5% or 7-15% gain IF THAT HAPPENS!!!
Of course, some are GOING TO BET that the breach is a PERFECT PLACE to start PILING IN!!
And I may be one of them, but I won't do it NOW.... as I think I'd be EARLY & losing money going LONG on Options/Stock at current $9.99 or whatever price current.
I think it will test LOWER still....
Again, just my $0.02 (in advance) for anyone who gives a rats ask. But MOSTLY for me! I like to test my theories into my trades/targets!!
To each their own! Do your OWN DD folks... GLA!!
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BTW: Charting SQQQ currently shows MONEY FLOW trending OUT of the ticker! And having recently breached 0 into negative territory. Keeping a sharp eye here as the time for a decision might be at hand. ESPECIALLY if we see a strong, quick, & hard move UPWARDS in the DJIA... That's been my counterpoint here all recently & so far it has been INSTRUCTIVE & supportive of the probability of MORE DOWNSIDE here (at least for today -- lower than the $9.98 last print I saw).
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That CPI is bullshit
Markets not the economy, but jeez unicorn farts forever I guess lol
geez la weez , pile in SQQQ
There you go! The $10.00 test. Now I'm fairly certain SQQQ will BREAK DOWN LOWER!!
I think it is $9's... today!
GLA
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And, just as I published this post/predicted, $9.99 already printed!
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Wow insane money
Not so fast! The chart does tell a different story (so I'd be careful) however, take a look:
The metrics are just coming into SUPPORT (positive in some cases) but DEFINITELY NOT overbought... (except for the A/D line which, for the charted time period, is at a high).
The CMF (Chaikin Money Flow) suggests an uptrend with MORE MONEY going in than out,... & the ADX is supporting the 20DMA up through the 50DMA... Check a chart: The LAST TIME this happened the DJIA was near a triple top & it ran (nearly +2k) ~1,75K more!
And it has run from 28k to ~34k (so +6k to the upside) also according to THIS chart. I don't get the sense that the time for an UPSIDE MOVE is today... Just saying. The CHART suggests the DJIA has strength to the upside. At least, atm to potentially re-test.
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Just my $0.02 here... GLA!
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EDIT: As I finished writing this I saw the SQQQ go from $10.08 & tested LOWER now $10.01
This is bleeding lower... penny by penny! IMV the $10.00 is getting tested & is likely to fall this afternoon. I am EXPECTING to see $9's print today... Sorry, NOT intending to contradict anyone, argue, etc., just pointing out what I'm seeing & EXPECTING!! And if this gets into the 9's I just might be paying those ridiculous borrow fees. I don't get it tbh but....
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Just tested an OPTION order: 2,000 for May 24th CALLS @ $11.50 strike & the commission was nearly $1,500.00
WOW!! I did NOT expect that nonsense, shenanigans, & bullcrap!
Times are a changing...
Am considering a $20 - $25K (initial entry) option commitment. And, although I did want to see a TEST of $10.00 FIRST -- I was considering taking an entry here. Now with the commission consideration (who knows how much they'll charge on the back-end so I'm going to confirm with a phone call)....
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Tires are bald , lets rip this , singing to the top , glory hole , stick it in lol SQQQ
EDIT: Did NOT realize that the 39,814 level was HIT today already (previous ATH I noted = 38,899)
That is close enough: When we consider the maths! 39,8xx level vs 85pts.
And the level FAILED it's first test.
I haven't checked the VOLUME (but should) & I would EXPECT another test -- which very well may coincide with the $10.00 test here...
Sorry, I thought that we had ANOTHER 250pts of margin. But the RUBBER meets the ROAD here I think...
Let's see what happens. A reversal COULD BE launched from this level, but we'd probably need to see a regular DECLINE in the dow.
There have been A FEW instances (when you graph comparatively) whereby the SQQQ met & went up to MEET the DOW on a LOG scale so they aren't 100% correlated. But in this case where EACH is at an EXTREME one would EXPECT both to meet the mean here. Which MEANS that the SQQQ is likely to be a profitable trade; scalp, swing &/or even longer-term. But the DJIA would LIKELY have to fail it's test of $40K for any long-term expectation to produce a positive trading outcome (for those going LONG SQQQ). Again, an election year -- so from MY POV, the extra caution makes sense....
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buying , this is insane money to be had SQQQ
Unforeseen geo-political events is what keeps my attention focused on SQQQ these days more than anything else.
Already BROKE DOWN through the support I charted & shared. It should CERTAINLY test $10.00 even & I would NOT be surprised to see capitulation into $9's with a $10.00 level fail.
My $10.00 - $10.25 target call I predicted May 3rd:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174353974
Already broke through the guardrails .... Albeit at a responsible number CLOSE ENOUGH to the $10.05 I charted for a LT triple-bottom; but that represents a RED FLAG!
And imv the probability of MORE DOWNSIDE RISK is higher than the likelihood of a REVERSAL at this point.
My best guess (so far with the DD I've done to this point) is to wait for some sideways action post $10.00 test (&/or break-down into the $9's -- for a better review, assessment & determination).
I think there is a better than 60% chance the stock tests $10 even & 55% the $9 range in the very near term.
My scalp (exit) from the $11.31's & $11.36 entry (as a consequence of charting, analysis, & DD)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174323901
FD & transparency: I write for my own record, edification, back-test, practice my English, etc.. Everyone should invest according to their financial planning professionals & their goals, objectives, risk tolerance, financial timelines/investment horizons, with a trading (entry & exit) PLAN, etc.. Personally, I am tracking this "bottom" to capitalize on UPSIDE. And my commentary may be biased accordingly.
Everyone to do as THEIR CAPITAL, resources, & circumstances suggest is BEST for them! GLA
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Pretty enticing price near $10.
So NOW that we hit my KEY LEVEL (as predicted here); the question becomes WHERE is the TOP on the DOW!
Earlier, I advised to look at VOLUME, PRICE & the DJIA double-top!
The DOW is doing well & coming into a double-top re-test. But hasn't yet!
And the VOLUME to the GREEN upside has been brisk (already 140M - before the first 1/3rd of the trading day has elapsed)
Waiting to see how that 38,899 previous ATH (all time high) gets treated & keeping a keen watch on VOLUME.
Right now the DOW is ~250pts away from a test. And the (recent) average daily volume has been just under 4mm.
I'm anticipating a TEST of the 40K (& MORE downside here) if the volume peaks above 4mm (in the coming days).
Otherwise, one might EXPECT any test of 38,899 (to 40k) breakout to fail...
Right now it appears as if SQQQ is about to FAIL this $10.05 triple bottom as I am writing & have suggested it WOULD NEED TO HOLD to expect a reversal. Otherwise, as I have said, expect to see $9's here... & evaluate when to take a position BASED UPON what you're seeing in the DJIA at it nears a historic 'inflection point'.
https://www.barrons.com/market-data/indexes/djia
And THAT WAS WHY I dumped my $11.30 entry April 26th last month... For a quick scalp (small, tiny profit) BECAUSE it wasn't trading right & the DJIA was showing STRENGTH according to my chart reads, etc..
GLA....
Expecting $9's here... & will EVALUATE according to DJIA performance at the critical price points, with volume & charts to guide.
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PS: Election years ALWAYS add an extra level of complexity in doing this kind of analysis & making successful trading decisions...
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buy back programs is a signal for aint paying top dollar SQQQ
insane got my cement boots on with a frigin 400 lbs tank of OXY holding and buying screw Biden SQQQ
what happens when you feed a baby pineapple for the first time? it shits green lol next time nope SQQQ reeeeeeeeeeeee red
its all a wash, the people in the WH should be shot , they are holding on for dear life SQQQ
shit,..I was high-fiving myself hitting an opening low @ 10.44,..
Went back to bed went it seemed to steady around .52
Woke up after close to see the freakin' bottom broke.
Have another tranche set at 10.24= -1% from the close,..
https://stockcharts.com/sc3/ui/?s=SQQQ&id=p44966879912
BTW, it's 4 days straight red, 7 out of 9,
About the time I sold my T's.
Cheers
Who schooled these people ? SQQQ lol
bonkers , this admin is nuts lmao frigin clowns SQQQ
lost track how many days red? lmao wayd ago Biden SQQQ
Hey champ nice to hear from you SQQQ
The average daily volume has run over 100M shares over the past 5yrs plus!
Which speaks to liquidity & likely daily scalping (likely multiple times PER DAY with automated programs, etc.)...
The volume is already ~57M less than 1/3 way through the day...
So I'll be tracking all THREE now: Volume, after Price, & the DOW top. $10.00 has a LEGIT shot of getting hit -- especially if that DOW TOP is tested. And if it FAILS (in the 3-8% or more range) this could DIP into the $9's in the short-term!
Anyway, those are the parameters *(guiderails) I've put in place for this -- to ASSESS whether or not there will be a REVERSAL of trend. And if I'm satisfied, I'm preparing to make a SIGNIFICANT 6-figuire bet here because the upside REWARD would be worth the risk. Especially if the DOW breaks out & runs. That would be THE BEST CASE scenario because THEN it would drop the price here more substantially INCREASING REWARD & decreasing risk (imv) even further!
ON WATCH!
A correction, even if just a reprieve: Is coming! NOT a question of IF (for me) just the timing question: When!
GLA
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Just my $0.02 (& recorded for MY OWN reference - since this board is so lightly used & isn't likely to offend)
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GETTING CLOOOOSER!!!
Heading right into that VERY TIGHT target range I specified...
Slowly but surely...
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May 3rd call on ~$10 level & triple-bottom TARGET:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174353974
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Still on watch! GLA
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there goes my PLUG my call , 60% SQQQ
very cool Mad man brewer , I used to make red wine still have all the equipment , went well with the ladies late at night by the pool side , sha zam. all this green is making me sick I want to see blood in the streets a river of red wine SQQQ
Playing us hold and buy , trade in quick with other stocks , wait for the crash SQQQ biden and admin fuk heads are messed up , we are so laughed at , fing clowns
Niko nailed it , buying 250k worth? Niko , I could throw down a milly holding out , SQQQ
USD dollar is toast SQQQ
Billionaires are vacating SQQQ
credit card debt is massive SQQQ
walking under falling knives , war is growing, NATO wants in against Russia and Biden holding out on Israel , they don't care all in and are fighting on many fronts, I told u guys about BLUE that was a 20% gain easy , SQQQ will pay
Market showed alittle mercy, hit 10.58 after riding my 10.67 GTC over night.
Now have a 10.46 if it wants to do another quick slam again.
Cheers
Sold my S shares at a small profit. Tech earnings may shove the Nasdaq up higher going into the close, and if SO, I'll buy MORE S shares much cheaper than the $10.66 I bought them at yesterday.
Throw the dice and see where they land ....
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ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index®.
Invesco QQQ holdings as of May 7, 2024.
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