Posted by fredsaid on 25th of Mar 2021 at 03:36 pm
I bought some TQQQ this morning. Any advice on
resistance/fibs on QQQs for a good exit point ? Since many
of the big QQQ names are below their 50 and above their 200 dmas.
My preferred view is that the QQQs still go lower before the
month of March is up so don't think it's wise to swing this trade
with stops but better to hit and run - thoughts ?
According to the last 20 years of seasonality, the QQQ is close
to a bottom. I'd say even more so likely now that the S&P found
strength, it plays catch up. Growth has been on a hate train for a
bit now too during the period. So it could weaken, maybe fill that
one gap Matt pointed out, , though the risk/reward is diminished.
..something to be aware of, see attached someone posted on
March 11th
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I bought some TQQQ this
Posted by fredsaid on 25th of Mar 2021 at 03:36 pm
I bought some TQQQ this morning. Any advice on resistance/fibs on QQQs for a good exit point ? Since many of the big QQQ names are below their 50 and above their 200 dmas. My preferred view is that the QQQs still go lower before the month of March is up so don't think it's wise to swing this trade with stops but better to hit and run - thoughts ?
According to the last 20
Posted by fundamentalvalues on 26th of Mar 2021 at 06:45 am
According to the last 20 years of seasonality, the QQQ is close to a bottom. I'd say even more so likely now that the S&P found strength, it plays catch up. Growth has been on a hate train for a bit now too during the period. So it could weaken, maybe fill that one gap Matt pointed out, , though the risk/reward is diminished. ..something to be aware of, see attached someone posted on March 11th