Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
ProShares UltraPro QQQ (GIF:TQQQ)
Crossroads (+60) - TQQQ is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TQQQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for TQQQ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TQQQ
The long-term trend has been DOWN since Feb 28th, 2020 at 68.300
The intermediate-term trend has been UP since Apr 13th, 2020 at 56.637
The short-term trend has been UP since May 28th, 2020 at 83.110
Smart Scan Analysis for TQQQ
Based on our trend formula, TQQQ is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).