LQQ offers 2x leveraged exposure to Nasdaq 100 index. After 2 years of bull run, we might have the opportunity to buy at very attractive prices this year in case of a further correction. My plan is to buy the lows and take some profit after each bounce : - Target 1 matches with early 2021 resistance & support located between 13700 and 14000 - Target 2 matches...
NSDQ has been growing inside a bullish channel since post covid crash last year. We have topped at 16750 and started to dump along with other markets on bad covid news again. The red candle signals more correction to come, with a first buy zone between 15600 and 15700 in sight. What I will be watching now on daily chart : - RSI going below 40 - MACD going below...