I expect TQQQ to hit the weekly support (brown) beginning/mid next week, and to start to pullback halfway to the middle of the hour trend line (blue). Then, will see :) Feel free to comment, as the more we comment, the more we will win this together.
Any thoughts from here? you were right on target with your call.
mcardinal894
⋅
@nixpix416, I would say half right. TQQQ did hit the weekly resistance line on Monday (early beginning of the week), and then it pullback through the weekly support (I say it would pullback half way). So, my analysis is not that great, not that bad :)
Since it pullback more than expected, I would wait for the next days (1 or 2 days) to see where the market is heading. I would not take any position right now.