As you can observe in the TQQ chart, the market is currently approaching a zone containing numerous open gaps. The 61.8% retracement of the downtrend since November 2021 aligns precisely with the high on March 29, 2023. We anticipate that the TQQ price will reach into this range, implying a potential increase of over 25% from today's quotation.
On the highly reliable weekly chart, price was under the Ichimoku cloud since April 2022 putting in a couple of bear flags on the way down while first getting support two standard deviations below the mean anchored VWAP and then one standard deviation showing increasing strength finally crossing above the mean VWAP in May then with a retest and bounce in...
add 34 sl 31 clsing basis . lets see if its in a mood to bounce , pretty oversold if you ask me but my view is for long term term so keep your losses small if wrong and be ready to look for bargains whenever it presents itself
... for a 33.04 debit. Comments: Selling the monied -75 delta call against a one lot to potentially take advantage of early random call away/*assignment. 33.04 break even with a 1.46 ($146) max profit; 4.42% ROC/32.9% annualized as a function of buying power effect at max. "Random" call away occurs when someone holding the 34.5 long call choses to exercise it...
... for a 33.55 debit. Comments: Selling the -75 delta call against ... . Metrics: Buying Power Effect/Share Price Break Even: 33.55 Max Profit: 1.45 ROC %-age At Max As a Function of Buying Power Effect: 4.32% ROC %-age at 50% of Max: 2.16% Delta/Theta: 26.44/2.98 Here's why I'm doing this instead of selling a put at the delta equivalent strike (the +25): if...
... for a 1.10 credit. Comments: High IV. An engagement trade targeting the 16 delta (ish). Going small with this starter position, with an eye toward adding at intervals.
... for a 1.37 credit. Comments: Targeting the 16 delta strike here, adding a rung out in January at a strike better than what I currently have on in December at the 30.
Comments: Targeting the 16 delta here to emulate dollar cost averaging into the underlying at strikes slightly better than what I currently have on. December 15th 27: 1.06 credit January 19th 26: 1.41 credit
Comments: Adding a couple rungs at strikes better than what I currently have on, targeting the 16 delta strike to emulate dollar cost averaging in. December 15th 24: .81 credit January 19th 23: 1.15 credit
Playing the daily stoch on bottom turning up bouncing off support 200 day I am going post this chart update everyday and how I will play that stoch to the top and be ready short.
Select DPO 63 on TQQQ Price in 1 dollar levels on right side DPO levels on left side Max Pain Max Ex OTM 40 calls at highest OI Trade chart TA down above the 0 line Trade chart TA up below the 0 line Sell OTM calls above the 0 line maximum-pain.com
Buying now and taking profit at point "1". It could go to point "1.1" else will retest point 2 and go to 3.
Really nice example of a potential butterfly correction pattern. D leg forming with ABCD inside of it. Super parabolic into the PRZ. Classic bear engulfing candles in the PRZ. Usually when the harmonic is working here this slams really hard off the retest.
Well, some would call me crazy. But that's my long term view: TQQQ made 200x since inception in February 2010 until his top in November 2021. Now, in my opinion, we are in the middle of a Bear Market. My expectation is that this Bear Market will last till December 22 until June 23. After that the next Bull market should start. My expectation for the Nasdaq...
Im a little bit torn in the potential outcome of the market for the next few months. There are a few major considerations that I have when viewing differences in certain charts that almost contradict some of the ideas I may have for upcoming trades. One thing at the back of my mind has me thinking that the bottom of the market has not been seen just yet, and we...
It's Friday ... the 13th. Here's what's shakin' in exchange-traded fund premium selling ... . Top 5 Options Liquid ETF's Ranked by 30-Day IV: TQQQ 22.9 IVR/60.4 IV GDXJ 23.6/38.9 USO 46.4/38.8 GDX 26.0/33.6 FXI 14.8/31.4 Ideally, you want to have IVR at >50 and IV at >35% in ETF premium-selling land, but you can't have everything in this market ... . Broad...
My continued effort to share my research, experience, and expectations with the TradingView community has allowed me the freedom to create forward-looking content to help traders/investors understand the real risks/opportunities going forward. If my research is correct, then next 5+ years will be incredibly difficult for skilled traders/investors. I don't believe...
Id like to see Wave 4 is complete here at the lower end of the channel but we are having difficulty with this overhead resistance here. Potential inverse head & shoulders if we do lose the neckline / support. Id look for a bounce at the lower end of the trend, and one could begin to argue, IF we pivot, we could be forming a falling wedge. Below that i would...