TQQQ Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: A sustained bullish trend is likely due to persistent institutional buying and increasing tech sector strength, indicating confidence among investors for a continued price rise.




Bearish Case: Heightened implied volatility and significant market uncertainty could lead to a potential correction, especially considering the recent high of market options volume shifting towards puts.




Potential Outcomes:

1. Mild growth (40% chance) fueled by tech recovery.

2. Correction (35% chance) from high uncertainty.

3. Sideways movement (25% chance) due to indecision in market direction.




Trading Oracle: Adopt a bullish long call spread by buying TQQQ 76C and selling TQQQ 77C, targeting profits in the near term as implied volatility rises while maintaining a manageable risk profile. Look for an expiration in ~14 days for optimal results.



October 20, 2024


ProShares UltraPro QQQ Forecast

TQQQ        ProShares UltraPro QQQ











Correlated Assets

Assets that tend to move strongly with TQQQ



XLK Forecast + Options Trading Strategies   XLK  Technology Select Sector SPDR (1.0)


QLD Forecast + Options Trading Strategies   QLD  ProShares Ultra QQQ (1.0)


ROM Forecast + Options Trading Strategies   ROM  ProShares Ultra Technology (0.99)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (0.98)


AIQ Forecast + Options Trading Strategies   AIQ  Global X Funds - Global X Artificial Intelligence & Technology (0.97)



Uncorrelated Assets

Assets with little price relationship to TQQQ



TGNA Forecast + Options Trading Strategies   TGNA  TEGNA (-0.0)


NRDS Forecast + Options Trading Strategies   NRDS  Nerdwallet (0.0)


MTCH Forecast + Options Trading Strategies   MTCH  Match (-0.0)


BYD Forecast + Options Trading Strategies   BYD  Boyd Gaming (0.0)


LEU Forecast + Options Trading Strategies   LEU  Centrus Energy (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against TQQQ



MED Forecast + Options Trading Strategies   MED  Medifast (-0.84)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.87)


COUR Forecast + Options Trading Strategies   COUR  Coursera (-0.87)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.9)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.93)









Become a more profitable investor with AI optimized trading strategies






×

Chat with TQQQ


 Ask any question about TQQQ!