WJ.Y

QQQ - Awaiting the Exit on MACD down

Short
WJ.Y Mis à jour   
NASDAQ:TQQQ   ProShares UltraPro QQQ
Technicals:
1. RSI has already moved to overbought
2. MACD is peaking

Fundamentals:
1. USD Debt Ceiling Resolution

Strategy:
I will be exiting when:
MACD makes 2 days consecutive dips
Trade fermée: cible de profit atteinte:
test
Transaction en cours:
we are about to get the first down MACD candle at close of business NY today.
we will look for the second one tomorrow.
Transaction en cours:
Technicals:
1. we have our 2nd down MACD candle at EOD

Fundamentals:
1. USD Debt Ceiling still in limbo with breach eta 1 June (Yellen)

Action:
1. closely observing today's opening and ready to exit
Trade fermée: cible de profit atteinte:
Technicals:
1. Observed price action on opening candle
2. MACD would make a 3rd down at this point

Action:
There could be more upside for TQQQ but I do not see much, at most to $35 (based on symmetry of last bottom to peak). I decided to close at $31.93 at about 945am EST.

Summary:
The purchase of 100 shares of TQQQ on 20 Jan 2023 at 21.57 and closed on 25 May 2023 at $31.93, yielded $1014 (including deduction of brokerage fees of $44) or 47% return (including deduction of brokerage fees of $44).

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