Blog Post: Day 41 of $QQQ short term up-trend, GMI declines to 4 (of 6); After 9 straight weeks above, $QQQ is now below its 4 wk average, see weekly chart
A stong advance is evident when the 4wk>10wk>30 average and the stock continually climbs above the 4 wk average. It is clear from this chart that QQQ is now below the 4 wk average (red dotted line). If it closes the week below, it suggests to me that the recent up-trend is over for now.
Avoid this market trap ? - Raging Bull
Is TQQQ ETF A Better Long-Term Or Short-Term Investment?
TQQQ: Hold Long But Not Too Long, A Data-Driven Analysis (NASDAQ:TQQQ)
Blog Post: Day 21 of $QQQ short term up-trend; Only 70 US stocks at new highs and 63 at new lows on Friday, 11 at ATH; see list of top 20 stocks
Blog Post: Day 39 of $QQQ short term up-trend; GMI declines to 4; list of 9 stocks that passed my weekly green bar scan–includes $AAPL, see chart; window dressing upon us?
SQQQ May Surge Even Higher As The Nasdaq Breaks Technical Support (NASDAQ:SQQQ)
Pullback Imminent For Nasdaq 100: Outlining Four Potential Scenarios For The QQQ - Netflix (NASDAQ:NFLX) - Benzinga
Blog Post: Day 39 of $QQQ short term up-trend; GMI declines to 4; list of 9 stocks that passed my weekly green bar scan–includes $AAPL, see chart; window dressing upon us?
Pullback Imminent For Nasdaq 100: Outlining Four Potential Scenarios For The QQQ - Netflix (NASDAQ:NFLX) - Benzinga
Gap Up Again! QQQ approaches Highs
Thursday's session: top gainers and losers
QQQ ETF: Curb Your Enthusiasm
Investing Money Blogs: HOW DOES THE STOCK MARKET WORK?
If dcaing, it makes a lot more sense to short sqqq than long tqqq : r/LETFs