XBI breaking out of a rectangle, after breaking out of a triangle, coinciding with QQQ boucing off 50ma. Both targets are around $80
After watching this intraday I see no indication of slowing down.
The trend has been very strong in the market, volatility is amazingly low, and hardly anybody trusts the market on a fundamental basis. Macro data continues to disappoint. So, plenty of buyers left, plenty of reason for the Fed to cut rates/resume QE, plenty of fuel for a bubble.
Raised stops to above breakeven on TQQQ.
Adding XBI here. Stop slightly below a backtest of the rectangle.
After watching this intraday I see no indication of slowing down.
The trend has been very strong in the market, volatility is amazingly low, and hardly anybody trusts the market on a fundamental basis. Macro data continues to disappoint. So, plenty of buyers left, plenty of reason for the Fed to cut rates/resume QE, plenty of fuel for a bubble.
Raised stops to above breakeven on TQQQ.
Adding XBI here. Stop slightly below a backtest of the rectangle.
Dagangan ditutup secara manual
Sold XBI, taking profits.It went way faster than I expected and now I favor a pullback. To the 10dma at least, assuming this is a longer term breakout / strong uptrend.
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.