I am starting a small hedge on TQQQ. If you don't know, I flip from buying SQQQ and TQQQ.
Our 4-hour chart is signaling a slow of momentum downward, as well as what may be the start of a pullback.
We're currently in a major area of support. We just broke underneath the Keltner Channel and we'll have to retest resistance to move back into it to signal the start of a reversal.
Our MACD and TSI indicators are signaling a slow down and potential crossover, which will be bullish.
I believe we'll retest the resistance of the 200-day EMA. We also have a thin band of resistance in our Ichimoku indicator to take into consideration.
Our 4-hour chart is signaling a slow of momentum downward, as well as what may be the start of a pullback.
We're currently in a major area of support. We just broke underneath the Keltner Channel and we'll have to retest resistance to move back into it to signal the start of a reversal.
Our MACD and TSI indicators are signaling a slow down and potential crossover, which will be bullish.
I believe we'll retest the resistance of the 200-day EMA. We also have a thin band of resistance in our Ichimoku indicator to take into consideration.
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