Went long TQQQ in 46's a few days ago (same time as TWOU long position, I didn't publish the TQQQ long... and apparently the TWOU long position, sorry). Now TQQQ has hit a decision point. Previous resistance at $49.50 range. Double top, can either:
1) Break through resistance and go higher
2) Small sell off back to $46's.
I don't see any catalysts RIGHT NOW for the market to head lower (except for a rapid drop in oil price). However, if Apple warns again, look out below.
I'm keeping a close eye on this for now (for direction). But for now the trend is your friend (higher), which is also the path of least resistance. I may take some off the table here, let's see.
1) Break through resistance and go higher
2) Small sell off back to $46's.
I don't see any catalysts RIGHT NOW for the market to head lower (except for a rapid drop in oil price). However, if Apple warns again, look out below.
I'm keeping a close eye on this for now (for direction). But for now the trend is your friend (higher), which is also the path of least resistance. I may take some off the table here, let's see.
Catatan
Looked good until the big sell off in the last 5 minutes. I sold all my TQQQ and locked in 6% gains. Will still observe for direction. I still have my TWOU long (looking good).
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.