NQ1! Long play - Strong trendline from 2016
Just closed SQQQ Call options here, this is a simple trendline play, Legacy markets love using these old long term trendlines and I would be extremely surprised if we just ignored it and continued down without a bounce. I think we'll pump aftermarket today or tomorrow latest.
I'm not worried about stoplosses here, just buying some call options that either will, or wont play out in the next week or 2 on TQQQ. So defined risk and potentially unlimited reward. Conservative target would be the 50ma on the weekly (the blue smooth line)
Good luck
I'm not worried about stoplosses here, just buying some call options that either will, or wont play out in the next week or 2 on TQQQ. So defined risk and potentially unlimited reward. Conservative target would be the 50ma on the weekly (the blue smooth line)
Good luck
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This was a good play, had a green week after my bounce point, closed, then price continued down.