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. 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.