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PROSHARES TRUSTPP

PROSHARES TRUST

83.70USDD
−0.46−0.55%
At close at Jul 11, 15:59 GMT
USD
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TQQQ trade ideas

its pretty obvious the fed seems determined to tank this markettechnology is not playing the feds game, and they are rubbing elbows with china especially where semiconductors are concerned. the dollar is the worlds reserve currency, and big corporations dont like a populace with buying power. the job of the reserve banks is to assist borrowers while preserving the lenders capacity, and with this particular administration volatility seems to be the most profitable route. this means one thing. the bear market rally everyone feared is here. im predicting a dead cat bounce followed by continued downside.
NShort
by cerealpatterns
a couple scenarios for critical resistancethere are a couple scenarios for the critical resistance weve just about come up to on the l nasdaq. i think were above pivot, and where we start out friday will define next weeks activity. if we hit that resistance sss moving average, and we fall beneath the pivot forming bearish divergence daily rsi i think were headed for daily consolidation. if we breech that first upper horizontal embedding bolinger bands and treating the crucial area as support i think were in for continuation until rsi comes out of overbought.
N
by cerealpatterns
nasdaq on the verge of breaking outthe nasdaq 100 is showing that it can reach for the highs, and is on the verge of breaking out above major resistance to levels not seen since early june. continuation seems likely, and i have critical levels of support and resistance marked out as horizontal lines where it may pause, or bounce. sss is green and qqe is long. if we get over one of these lines i would look to the next horizontal above, and if we break below one of these lines i would look to the next horizontal below.
N
by cerealpatterns